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Cost-of-Living Crisis Continues to Drive Up California’s Poverty Rate
SACRAMENTO—According to data published by the U.S. Census Bureau today, California continues to have the worst poverty rate among all states when adjusted to account for government programs designed to help low-income families and necessary expenses for critical goods and services. “More people live in poverty in California than in any other state because of
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Guest Column: Here’s what employers need from California to step up the fight against COVID
Originally published in the Sacramento Business Journal on August 12, 2021 By Rachel Michelin, Rob Lapsley and Rex S. Hime The following was submitted in response to the opinion published Aug. 9 by Dee Dee Myers, director of the California Governor’s Office of Business and Economic Development. There is little debate and little surprise that California has another
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Statewide Business Community Responds to Governor’s COVID-19 Announcement
SACRAMENTO—The following organizations from the statewide business community issued the following response today to Governor Gavin Newsom’s announcement that state employees will no longer be able to self-attest vaccination status at the workplace: “The governor’s approach will allow economic recovery to continue while redoubling efforts to encourage vaccinations. From the beginning of the pandemic, the
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California Business Roundtable Responds to Governor Newsom’s Actions that Could Further Drive Up the Cost of Gasoline and Harm Economic Recovery
FOR IMMEDIATE RELEASE July 9, 2021 SACRAMENTO—Rob Lapsley, president of the California Business Roundtable, issued the following statement today in response to actions by the Newsom Administration to deny well stimulation permits, which could drive up the cost of gasoline and is a major step backward in our economic recovery: “The governor’s actions don’t follow
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Refusal to Address Unemployment Insurance Fund Debt Undermines Critical Safety Net Program and Guarantees Massive Tax Increase on All Businesses
FOR IMMEDIATE RELEASE July 1, 2021 SACRAMENTO—The California Legislature has rejected efforts to begin to pay down even the smallest fraction of an estimated $22 billion Unemployment Insurance (UI) Fund debt, undermining the long-term integrity of the program and guaranteeing that businesses of every size will be forced to pay higher taxes in an effort
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CBRT Joins Broad Coalition Opposing H.R. 3
The California Business Roundtable is proud to be part of a broad coalition opposing H.R. 3, the misguided policy that will devastate California’s position as a leader in science and technology and harm our state’s economy in the process. Read our letter here:
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State and Regional Business Leaders Respond to Attorney General Bonta’s Attack on Critical Goods Movement Sector
SACRAMENTO—State and regional business leaders today are pushing back on recent comments by California Attorney General Rob Bonta attacking the goods movement sector that has led to economic growth and job creation in Southern California, especially the Inland Empire. “Attorney General Bonta’s comments are concerning,” said Paul Granillo, president and CEO of the Inland Empire
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Underfunding of Unemployment Insurance Fund Debt Guarantees $23 Billion Tax Increase on All Businesses
FOR IMMEDIATE RELEASE May 14, 2021 SACRAMENTO—As part of the governor’s $267.8 billion record-breaking state budget, the governor today announced he is proposing just $1.1 billion to address the state’s $24 billion Unemployment Insurance (UI) Fund debt. “We recognize and appreciate the governor’s investments in supporting economic recovery for California businesses. However, nothing shows the
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Business Roundtable Calls on Governor and Legislature to Prioritize Unemployment Insurance Fund Debt in Economic Recovery Efforts
May 10, 2021 SACRAMENTO—Today, the U.S. Treasury released its guidance on how states can use their share of the State and Local Fiscal Recovery Funds, which were part of the American Rescue Plan passed by Congress earlier this year. Under the guidance provided today, states can use their portion of the more than $350 billion
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California Business Roundtable Supports Governor’s Signing of PPP Loan Conformity Bill
FOR IMMEDIATE RELEASE April 29, 2021 SACRAMENTO—Rob Lapsley, president of the California Business Roundtable, issued the following statement in response to the governor signing AB 80 (Burke), which will provide federal tax conformity for PPP loans: “AB 80 is an important part of the state’s economic recovery, especially for small business owners. We support the