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News
April 21, 2017

The California State Auditor has delivered a damning assessment of the management practices at the single largest university system in the United States. . . In other words, administrators have been hiring more administrators for make-work positions and giving each other raises without sufficient accountability in a self-perpetuating cycle of bureaucratic decay that is sadly endemic to academia at large.

News
April 21, 2017

California's unemployment rate fell to 4.9 percent in March.

The state Employment Development Department said Friday the rate was down from 5 percent in February and 5.6 percent in March 2016.

The department says the state's employers added 19,300 nonfarm payroll jobs last month.

News
April 20, 2017

About 60% of adults and 66% of public-school parents in a new poll said they favored vouchers that parents could use for their children's education at any public, private, or parochial school. Republicans (67%) were more likely than independents (56%) and far more likely than Democrats (46%) to hold that view. Across racial and ethnic groups, 73% of African Americans, 69% of Latinos, 56% of Asians and 51% of whites supported vouchers.

News
April 20, 2017

Silicon Valley tech companies have good reason to be concerned about President Donald Trump’s plans to review the H-1B visa program, which has been crucial in providing them access to foreign labor. It wouldn’t be such a big deal, though, if they didn’t put their offices in such expensive places.

The valley’s biggest employers each host thousands of workers under the H-1B program, designed to help employers hire skilled overseas labor when qualified Americans are not available. At Facebook Inc. alone, more than 15 percent of employees hold such visas. Yet the tech industry doesn’t have a skills shortage so much as a shortage of employees who can afford to live within commuting distance of their jobs. . . . no matter how high employee wages go, the limited housing supply leaves the region unaffordable for a large number of workers.

News
April 19, 2017

Corporate income taxes are one of the smallest sources of state and local tax revenue. On average, only 3.7 percent of state and local tax revenues came from corporate income taxes in fiscal year 2014 (the most recent data available).

Some, however, mistake the corporate income tax as the entirety of a business’s tax burden. In reality, businesses pay many types of taxes (such as sales tax, property tax, excise taxes, and more) and the corporate income tax makes up only 9.5 percent of total business taxes.

The share of revenue from corporate income taxes will decline as more businesses organize as pass-throughs (S-corps, partnerships, sole proprietorships, etc.), which “pass their income through” to their individual tax returns and therefore are liable under the individual income tax code.

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