Web Version [link removed] | Update Preferences [link removed] Press Release Business Roundtable Responds to Middle-Class Tax Increase Proposal Introduced in California Legislature

FOR IMMEDIATE RELEASE

January 6, 2022

CONTACT: Brooke Armour

(916) 553-4093

[email protected] [mailto:​[email protected]]

SACRAMENTO—California Business Roundtable President Rob Lapsley issued the following response today to the introduction of ACA 11 [[link removed]], the companion piece to AB 1400 (Kalra), that will increase Californians’ tax burden by an additional $163 billion per year:

“It is unconscionable to push another $163 billion in new and higher taxes onto working families and small businesses, especially considering the ongoing cost-of-living crisis they are facing every day. California has the highest supplemental poverty rate, one of the lowest economic recovery rates and a cost-of-living crisis impacting working families across the state. The last thing families and small businesses need is the threat of new and higher taxes. ACA 11’s middle-class tax increase will drive more families into poverty, force more small businesses to close and compel more employers—and jobs—to leave this state.

“California already has near-universal healthcare coverage; more than 94 percent of residents are covered. AB 1400 would eliminate healthcare options and force everyone into an un-tested government-run program.”

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