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News
Proposition 3 could lock in higher income tax for wealthiest California taxpayers
6+ day, 19+ hour ago (351+ words) California voters will decide whether to make a temporary higher state income tax on California’s wealthiest taxpayers permanent. It's on this year's ballot as Proposition 3. Voters first approved the temporary tax in 2012. It was renewed in 2016. It’s currently set to…...
California braces for one of the biggest tax hikes in the last decade | CA Politics 360
2+ mon, 3+ week ago (367+ words) California lawmakers and the governor this year are preparing to implement major tax hikes in a matter of weeks, representing one of the largest tax increases in the state within the last decade. One of the tax increases is an…...
California billionaire’s tax measure qualifies for 2026 ballot
2+ mon, 3+ week ago (304+ words) A billionaire tax measure has officially qualified for the 2026 General Election in November, according to the California secretary of state. If approved, the tax would impose a one-time 5% charge on taxpayers and trusts with covered assets valued over $1 billion, including…...
Affordable Care Act subsidies set to expire, impacting some Covered California premiums
8+ mon, 1+ week ago (428+ words) California has allocated $190 million for 2026 to help offset the loss of Affordable Care Act credits. Affordable Care Act subsidies are set to expire at midnight, potentially leading to a significant increase in health insurance premiums, according to analysis firm KFF....
Deadline tonight: Enroll now for ACA health insurance or risk going uninsured
8+ mon, 4+ week ago (332+ words) Today is the deadline to enroll in Affordable Care Act (ACA) health insurance for coverage beginning January 1st. Many are facing tough choices for their healthcare as Congress' failure to extend pandemic-era tax credits have spiked premiums. Monday marks a crucial…...
California union proposes one-time tax on billionaires to offset Medicaid cuts
10+ mon, 2+ week ago (376+ words) A major union announced a proposal Thursday to impose a one-time 5% tax on billionaires in California to address federal funding cuts to health care for low-income people. Proponents, including the Service Employees International Union, hope to place the statewide measure…...
See how much health insurance costs would go up if expanded ACA subsidies are allowed to expire
10+ mon, 1+ day ago (345+ words) The expiration of expanded ACA subsidies could lead to higher health insurance premiums for millions of Americans. The expanded Affordable Care Act (ACA) subsidies, initially passed by Democrats in 2021 as part of pandemic relief legislation, are set to expire at…...
Millions face skyrocketing health insurance costs unless Congress extends subsidies
11+ mon, 4+ week ago (1113+ words) There's bipartisan support in Congress for extending tax credits that have made health insurance more affordable for millions of people since the COVID-19 pandemic. But the credits are in danger of expiring as Republicans and Democrats clash over how to…...