Having previously run for a U.S. House seat, Elizabeth Heng has set her sights on a larger prize, a seat representing the entire state of California in the U.S. Senate.
Under Democrat Joe Biden’s federal tax plan, the top marginal tax rate in California could hit 62.64 percent, according to a new analysis by the Tax Foundation.
California Gov. Gavin Newsom received a grade of “C” from the Washington-based CATO Institute for his tax and spending policies since 2018, according to a ranking of governors that comes out every two years.
California will lose $1.9 billion in total state and local tax revenue from the hotel industry due to COVID-19, according to an Oxford Economics estimate released by the American Hotels and Lodging Association.
