California Chamber Of Commerce
Recent News About California Chamber Of Commerce
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Headline: California Chamber of Commerce Identifies SB 1327 as 2024 Job Killer
The California Chamber of Commerce has labeled SB 1327 (Glazer; D-Contra Costa) as a Job Killer for 2024. The bill proposes a 7.25% tax on revenue from digital advertising sales, in addition to existing income taxes. CalChamber's Senior Policy Advocate Preston Young stated, "This bill punitively targets only a handful of taxpayers that sell digital advertising, yet will financially cripple many, many small and medium-sized businesses." Businesses and consumers utilizing the digital economy could face increased costs if this tax is enacted, as companies may pass on the expense...
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California Chamber of Commerce Adds 4 More Bills to 2024 Job Killer List
The California Chamber of Commerce has recently announced the addition of four new bills to its 2024 Job Killer List. These bills have raised concerns within the business community for their potential negative impacts on the state's economy.According to Bennett from Ventura, AB 2230 "worsens the housing crisis" by impeding crucial capital inflow necessary for housing production and potentially criminalizing returns on investment. The bill's expansion of the Cartwright Act has been deemed unnecessary and detrimental.Papan from San Mateo expressed reservations about AB...
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CalChamber Releases 2024 Job Killer List
The California Chamber of Commerce has unveiled its 2024 job killer list, highlighting nine bills that could have significant negative impacts on the state's business environment. CalChamber President and CEO Jennifer Barrera expressed concerns about the proposed legislation, stating that they would impose additional costs and burdens on small businesses in California.Barrera emphasized the importance of lawmakers carefully considering the implications of these bills on local employers and businesses. She commended Governor and Legislative leadership for ruling out new...
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CalChamber Sponsors Assembly AI Literacy Bill
The California Chamber of Commerce is sponsoring AB 2876 (Berman; D-Palo Alto), a bill aimed at promoting artificial intelligence literacy in California schools. The bill, which will be heard in the Assembly Education Committee, is designed to equip students with the necessary skills to thrive in an AI-driven future.Assemblymember Marc Berman emphasized the importance of AI literacy, stating, “AI has the potential to positively impact the way we live, but only if we know how to use it, and use it responsibly.” Berman highlighted the need for all students to understand...
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CalChamber Board Opposes ACA 1 and Gubernatorial Recall
At their quarterly meeting last week, the California Chamber of Commerce Board of Directors voted to oppose both ACA 1 and a newly announced effort to recall Governor Gavin Newsom.ACA 1, a measure that would lower the supermajority vote requirement for tax increases, was opposed by the CalChamber Board due to concerns about its impact on property taxes and affordability in California. The board stated, "If passed, it would open the door for property tax increases as well as local government special taxes, making California less affordable for working families and...
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CalChamber Adds UI Proposal SB 1116 to Job Killer List
The California Chamber of Commerce has officially designated SB 1116 as a job killer due to its potential impact on employers and the state's Unemployment Insurance (UI) Fund. The bill, introduced by Senator Portantino, has raised concerns regarding the financial burden it may impose on businesses across California.According to the California Chamber of Commerce, SB 1116 proposes a requirement for employers to subsidize striking workers through additional taxes paid to the UI Fund. This measure, if implemented, would not only increase taxes on employers but also...