Upcoming Meetings and Events

Join Our Breakfast Meeting on March 27th

California has a $68 BILLION Deficit?!?Who’s Gonna Pay for That?

We keep hearing about the great “California Exodus” and census figures show we’ve lost an alarming number of residents over the past couple years. And those leaving are typically upper-income citizens who, even if not billionaires, still generate a lot of income tax revenue.

Enter the wizards from Sacramento; recently our Assembly, led by a couple of our local yokels Alex Lee and Ash Kalra, came up with a stroke of brilliance – let’s tax the rich! This bill would have imposed a 1.5% annual wealth tax on the entirenet worth of wealthy California residents. And there was even a clawback clause for anyone naïve enough to think they could actually leave Hotel California. This proposed constitutional amendment would, among other things, effectively sweep away Proposition 13’s limits on taxing property, affecting most all of us.

Fortunately, this first in the nation wealth tax is so radical and unpopular that even the Democrats rejected it and soon it landed in the “suspense” file where bad bills go to die.

Coincidentally, the same day the wealth tax was introduced, Gov. Newsom released his proposed annual budget. The Legislative Analysts calculated a $68 billion deficit in funding today’s government but miraculously Newsom eliminated enough goods and services in his budget that his deficit is “only” $38 billion. Not clear where that $30 billion haircut came from, but hey, it sounds a lot better than $68 billion, right? Seriously though, we’ve got a problem which by all indications will require higher tax revenues. But where do the tax experts expect this money to come from?

Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). HJTA is the largest taxpayers’ association in California with a membership of over 200,000. Founded by the late Howard Jarvis, the author of Proposition 13, HJTA’s name is synonymous with tax relief and the uncompromising defense of the California homeowner.

Jon Coupal is a recognized attorney and expert in California fiscal affairs and has argued numerous tax cases before the courts. He’s been a pivotal author and champion of legislation that guarantees our right to vote on taxes, although there are challenges today, so his work is not finished. He’s also a columnist and frequent guest on TV and radio discussing fiscal policy and political issues.

You won’t want to miss this fascinating insight into our financial trainwreck and how it can be fixed, so sign up today!

Date:   Wednesday, March 27th

Time:  Check in begins at 8:30 AM — Breakfast served at 9:00 AM,

Cost:  $25 for non-members, $20 for members, FREE to Premium Members (Reagan and Sponsors)-  Cost includes buffet breakfast.

Click here to purchase tickets/RSVP.