California weighing proposal that could double its taxes

Posted on AllSides January 17th, 2022
From The Right
(AP Photo/Rich Pedroncelli / AP Newsroom)

California lawmakers unveiled a new bill at the beginning of the year that would establish a single-payer health care system – an ambitious plan that would be funded by nearly doubling the state's already-high taxes.

A new analysis from the Tax Foundation, a non-partisan group that generally advocates for lower taxes, found that the proposed constitutional amendment would increase taxes by roughly $12,250 per household in order to fund the first-of-its-kind health care system. In all, the tax increases are designed to raise an additional $163 billion per year, which is more...

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https://www.foxbusiness.com/economy/california-proposal-double-taxes

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