The California Chamber of Commerce has released its annual list of “job killer” bills, calling attention to the negative impact that 32 proposed measures would have on California’s job climate and economic recovery if they became law. According to CalChamber President and CEO Allan Zaremberg, “Each of these proposed Job Killer bills would increase uncertainty for employers and investors and lead to higher costs of doing business, which will undermine the economic health of the state. Employers are already feeling the pinch of higher health care premiums, higher workers’ compensation premiums, increased unemployment insurance taxes, and general tax increases. In this environment, it is critical that we keep all other costs of doing business in check.” Some notable bills include:
AB 10 (Alejo; D-Salinas) Automatic Minimum Wage Increase - Unfairly increases California employers’ cost of doing business by raising the minimum wage $1.25 over the next three years and thereafter indexing the minimum wage based on inflation, which fails to take into account the current economic status of the state or other fees and costs employers are required to pay. CLICK HERE to send a letter to elected officials opposing this bill.
AB 769 (Skinner; D-Berkeley) Creates Inequity in the Tax Structure – Harms struggling small businesses and start-ups by repealing the Net Operating Loss (NOL) carry back deduction, a lifeline that helps employers stay afloat, retain employees, and continue investing in their businesses in an economic downturn. CLICK HERE to send a letter to elected officials opposing this bill.
SCA 3, 4, 7, 8, 9, 11 – adds complexity and uncertainty to the current tax structure and pressure to increase taxes on commercial, industrial and residential property owners by giving local government new authority to enact special taxes, including parcel taxes, by lowering the vote threshold from two-thirds to 55 percent.
SB 747 (DeSaulnier; D-Concord) Unnecessary New Regulatory Scheme – Establishes a new, duplicative, and burdensome program that requires the Department of Public Health to regulate manufacturers of consumer products that the Department determines contribute to a significant public health epidemic, (i.e., obesity, diabetes, cancer, heart disease) and allows the department to restrict or prohibit the sale of such products. CLICK HERE to send a letter to elected officials opposing this bill.
CLICK HERE to read about the rest of the Job Killer bills. For more information contact Bryan Starr, Senior Vice President of Government Affairs.