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Fleeing California: California’s Struggle to Keep Its Residents
hbarajas2023-05-16T15:35:44-07:00May 18th, 2023|California State Government, Economy|
The Internal Revenue Service shows an outward migration from California has been growing. In 2021, the net migration of households with a federally adjusted gross income of $200,000 or more leaving the state increased, resulting in a loss of $20.4 billion in taxable income and an estimated $1.7 billion reduction in state personal income tax revenues. The estimated tax loss
California’s Oil Production Cuts and Its Dependence on Foreign Oil
hbarajas2023-05-16T15:31:28-07:00May 17th, 2023|Energy|
Governor Gavin Newsom's policies curbing domestic oil production may put foreign oil countries (OPEC+) in the driver's seat on gas prices. A surprise and substantial oil production cut by OPEC+ has caused challenges in meeting global energy demands this year. California regulations and legislation that curtail domestic oil production relinquish influence over energy markets to foreign actors. Governor Newsom's policies
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