California braces for new health-care and software taxes as budget vote advances
TL;DR
California lawmakers advanced tax measures within a $356 billion state budget, extending a health-care provider tax to private insurance plans (potentially about $2 billion annually and premium increases around $100 a year for individuals or $400 for a family of four) and adding a software sales tax projected to raise about $900 million annually. Republicans criticized the move as worsening costs, while Democrats argued it’s needed amid federal revenue losses, with Gov. Newsom expected to signinto law.
- Fury as more taxes set to be thrust on Californians as key vote passes New York Post
- California lawmakers approve tax increases affecting health insurance and digital software KCRA
- California Lawmakers Pass Budget With Billions More for Education as Newsom Negotiations Begin Yahoo
- California is getting ready to increase a health insurance tax. Will it affect your premium? CalMatters
- Assembly Democrats unite to tax software, health plans in revenue-raising package Sacramento Bee
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