|March 1, 2012
Today’s Top Story
New Website Educates, Encourages More Political Participation
To help encourage greater participation in the political process from businesses and their employees, the Business Industry Political Action Committee (BIPAC) and the California Chamber of Commerce have worked together to launch The California Prosperity Project at www.CAprosperity.org.
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California Attorney General Seeks More Mortgage Protections
California’s top law enforcer is calling on legislators to pass half a dozen new bills that would give more protection to homeowners facing foreclosure. Los Angeles Times
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Human Resources/Health and Safety:
Judge Blocks Graphic Cigarette Warnings
A judge on Wednesday blocked a federal requirement that would have begun forcing U.S. tobacco companies to put large graphic images on their cigarette packages later this year to show the dangers of smoking and encouraging smokers to quit lighting up. Associated Press
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Employer Input Needed on Workers’ Comp Issues
The Department of Industrial Relations and the Division of Workers’ Compensation are holding a series of public meetings across the state to gather comments about current workers’ compensation issues from employers and other stakeholders. Anyone wishing to participate should contact Jeremy Merz, CalChamber policy advocate on workers’ comp issues.
Calif. Business Owners Pay Highest Income Tax Rate
President Obama’s recent proposal to lower the federal corporate tax rate brought up the fact that 94.3% of business taxpayers pay individual rates rather than corporate rates. The Orange County Register
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Controversial California Water Bill Passes US House
The U.S. House of Representatives has approved a controversial water bill that would block the restoration of the San Joaquin River and give California farmers and urban residents more water. Associated Press
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Eurozone Unemployment Hits Record High
Unemployment in the 17-member eurozone jumped to an all-time high of 10.7 per cent in January, underlining the challenges facing European leaders as they gather in Brussels for a summit dedicated to finding ways to restart the continent’s economy. Financial Times
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Community College Leaders Warn Against Proposed Funding Model
A new bill aims to once again reform the way California community colleges are reimbursed for the education they provide, and college leaders are not happy about it. San Jose Mercury News
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Facebook Taxes Won’t Save California
Even Facebook won’t be able to haul California out of its fiscal bog. According to a new study by the California Legislative Analyst, an initial public offering of Facebook stock – assuming it even occurs this spring as expected – could bring a $2.5 billion tax bonanza to the state treasury. The Orange County Register
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