
Hang on to your wallet: Tax Commission expected to propose $3 billion tax hike
The California Taxpayers’ Association recently reported the Commission on the 21st Century Economy is proposing an 18 cent tax increase on gasoline and diesel fuel to “encourage energy conservation.”
This is bad news for California families and small businesses that already pay some of the highest taxes in the nation.
The new tax would be in addition to the existing state gas tax of 18 cents per gallon, the federal tax of 18.4 cents per gallon, and the sales tax that is assessed after gas taxes are added to the price. California consumers also ultimately pay the costs of the state’s high taxes and regulatory costs on businesses that produce and sell gasoline, said Cal Taxpayers.… Read More