If federal taxes go down, state and local taxes could go up

by Kathleen Pender | Mar 21, 2017   ()

As President Trump and his allies in Congress work to cut federal taxes and spending, San Francisco’s elected officials are laying plans to create new taxes at the state and local levels.

The Board of Supervisors plans to vote next week on a resolution urging the California Legislature to amend state law to allow cities and other local governments to impose personal and corporate income taxes. The resolution says the city needs to explore “progressive” new revenue sources because the Trump administration has threatened to withdraw federal funds from sanctuary cities and is working to overturn the Affordable Care Act, which could increase the city’s cost of providing health services.

Read More

Source: San Francisco Chronicle

News Archive