California Income Tax Proposal

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Trump, California

Trump’s tariffs are expected to cut California’s tax revenue by $16 Billion

Governor Gavin Newsom’s finance team warned in a memo released on Tuesday that California expects to lose $16 billion in tax money next year because of President Donald Trump’s tariff plan. The memo says revenue in the fiscal year that starts in July will fall 4% from the state’s earlier forecast.

Cryptopolitan on MSN · 20h

LAist on MSN · 1h

California budget is $12 billion in the red amid Trump tariffs and rising costs

The Press Democrat · 6h

Trump tariffs and rising health care costs knock California budget back into deficit

California Governor Proposes Pausing Expansion of Health Care to Low-Income Immigrants

Gov. Gavin Newsom wants California to stop enrolling more low-income immigrants without legal status in a state-funded health care program starting in 2026 and begin charging those already enrolled a...

· 11h

· 4h

California Gov. Newsom announces $12 billion budget deficit

· 5h

California Gov. Gavin Newsom announces $12 billion budget deficit

2don MSN

California Governor Candidate Wants To Scrap State Income Tax

Steve Hilton, one of the Republican candidates for California governor, said he wanted to scrap income tax for high earners.

Newsom blames California’s $12 billion budget shortfall on tariffs, Medi-Cal spending on immigrants

Gov. Gavin Newsom said two factors are largely to blame for a $12 billion budget shortfall facing California: expanding health care to immigrants without legal status, and Trump’s tariffs.

1don MSN

Child tax credits: California’s winners and losers in new GOP congressional plan

Some families in the Golden state may see an increase in their federal child tax credit, but thousands could lose it.

GOBankingRates on MSN5d

How California State Income Tax Works: Brackets, Deductions and Credits Explained

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what you owe yearly.