The Governor’s Veto of SB 815 today, which would have rolled back a significant source of savings in the Workers’ Compensation system, was a necessary veto to preserve the economic gains made in his historic signing of SB 899 in 2004. SB 899 is the Governor’s (and Chuck Poochigian’s) greatest public policy achievement to date – Workers’ Compensation reforms that have saved California businesses over $15 billion in two plus years. This can be considered the single greatest tax cut in California history, as Workers Compensation is essentially a payroll tax on employers.
It’s not just business that has saved money. State, County, Local and School Governments and Districts have also saved billions of dollars in their self funded Workers’ Compensation pools, freeing up taxpayer money for more productive purposes. I am one that has done much criticizing of this Administration, but this veto of SB 815 is time to acknowledge, again, the importance of these significant reforms.