California Income Tax Proposal

News

Trump’s tariffs will cost California $16 billion

Trump’s tariffs are expected to cut California’s tax revenue by $16 Billion

Governor Gavin Newsom’s finance team warned in a memo released on Tuesday that California expects to lose $16 billion in tax money next year because of President Donald Trump’s tariff plan. The memo says revenue in the fiscal year that starts in July will fall 4% from the state’s earlier forecast.

USA TODAY · 2h

'Trump slump?" California budget $12 billion in red amid Trump tariffs and rising costs

California is experiencing unexpectedly shaky economic conditions, as health care costs rise and Trump’s tariffs create ongoing uncertainty.

The Press Democrat · 3h

Trump tariffs and rising health care costs knock California budget back into deficit

As Gov. Gavin Newsom prepares to unveil his revised budget proposal, California is experiencing unexpectedly shaky economic conditions, with a likely deficit of more than $10 billion next year.

California, Newsom and Free Healthcare

CNN on MSN · 6h

California governor proposes pausing expansion of health care to low-income immigrants

Gov. Gavin Newsom wants California to stop enrolling more low-income immigrants without legal status in a state-funded health care program starting in 2026 and begin charging those already enrolled a monthly premium the following year.

U.S. News & World Report · 3h

California Governor Newsom Seeks to Scale Back Free Healthcare for Migrants

(Reuters) -California Governor Gavin Newsom on Wednesday will announce a budget proposal to scale back a free healthcare program for low-income undocumented migrants, his office said, citing an expected $16 billion dent in state revenues from President Donald Trump's tariffs.

The Washington Post on MSN · 3h

Newsom to propose trim to Calif. health benefits for undocumented immigrants

Newsom will seek to stop undocumented adults from enrolling in a state-run health insurance program as California faces a $16 billion deficit due in part to tariffs.

2don MSN

California Governor Candidate Wants To Scrap State Income Tax

Steve Hilton, one of the Republican candidates for California governor, said he wanted to scrap income tax for high earners.

2hon MSN

California faces an additional $12-billion budget deficit, Newsom says

Gov. Gavin Newsom's budget plan walks back his promise to provide free healthcare to undocumented immigrants, caps overtime ...

Opinion

3don MSNOpinion

GOP governor candidate wants flat tax for California’s high earners. Would that help the state?

Republican Steve Hilton is running to be California governor on a promise that — much like Donald Trump’s Republican-crafted tax proposal taking center stage in Washington this week — sounds too good ...

17m

Newsom: $11.9 billion budget shortfall is 'pretty mild,' blames Trump

California Gov. Gavin Newsom Wednesday unveiled his May budget revision, blaming the state’s $11.9 billion shortfall on a ...

1don MSN

Child tax credits: California’s winners and losers in new GOP congressional plan

Some families in the Golden state may see an increase in their federal child tax credit, but thousands could lose it.

1don MSN

House SALT proposal would raise cap on deduction to $30K, but some Republicans balk

The Republican tax plan would raise the $10,000 cap for the state and local property tax deduction to $30,000 for families making up to $400,000.

Some results have been hidden because they may be inaccessible to you

Show inaccessible results