Lawmakers Propose Boosting Taxes To Fight Homelessness ...Middle East

Sacramento, CA — A coalition of Democratic California lawmakers is proposing to raise the state’s corporate income tax for larger companies. Assembly Bill 71 calls for raising the tax from the current 8.84-percent to 9.6-percent for corporations that make over $5-million in the state. It would raise over $2-billion for homeless programs. The idea is to create an ongoing revenue stream for the first time. They note that homelessness was a problem before the coronavirus pandemic and the problem has become accelerated over recent months and needs to be addressed. Governor Gavin Newsom has not commented specifically about the bill, but stated during the unveiling of his budget that higher taxes

Hence then, the article about lawmakers propose boosting taxes to fight homelessness was published today ( Thursday 14/01/2021 - 07:01 PM ) and is available on ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Lawmakers Propose Boosting Taxes To Fight Homelessness )

Last updated : 14 January 2021 clock 07:01 PM

Also on site :

Lawmakers Propose Boosting Taxes To Fight Homelessness ...Middle East

Florida Teacher Accused of Dating Student's Mother to Get Closer to Teen

Kalshi Promo Code NEWSWEEK: Get $10 Bonus For Celtics-Heat, MLB Games

Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president

California's First Partner Wants to Hold Tech Leaders Responsible for 'Jordan Peterson-Type' Content

Artemis II blasts off: Humans are on their way back to the moon

Logan Paul’s Prime Hot Pics To Celebrate His 31st Bday!

Teacher given six-figure payout after pupil threw a toaster at them, shock union report reveals

Lili Reinhart Says a Male Director Told Her “Suck in Your Stomach a Little Bit” While Filming

QURE Deadline: QURE Investors Have Opportunity to Lead uniQure N.V. Securities Fraud Lawsuit

‘Dimension 20: On a Bus’ Dragon Master Katie Marovitch on Surprise Season 2 Drop, Future Episodes: ‘I Plan on Annoying Sam and Brennan Enough’

Alabama baseball set for top-20 clash at Oklahoma

Kyle Cooke says Amanda Batula and West Wilson’s romance puts ‘Summer House’ in ‘jeopardy’

NASA launches humans to moon for first time in half-century

Baby killed by stray bullet after drive-by attack in Brooklyn

De-fi platform Drift suspends deposits and withdrawals after millions in crypto stolen in hack