California’s Progressive Tax System and Its Reliance on High-Income Taxpayers
SACRAMENTO — In a significant move to fortify the state’s social safety net while addressing specific taxpayer concerns, California Governor Gavin Newsom has finalized the 2025 state budget. The package, advanced in close coordination with Senate President pro Tempore Mike McGuire and Speaker Robert Rivas, represents a strategic attempt to balance long-term fiscal health with … Read more