Taxes

Study: New taxes could fund universal California health care

A longshot California proposal to replace insurance companies with government-funded health care for all could be paid for with a sales tax hike and a new tax on business revenue that together would generate $106 billion annually, according to a report released Wednesday.

The Latest: Sales, business tax may fund California health

The Latest on a California proposal for a single-payer health care system (all times local): 1:10 p.m. Critics say supporters of a longshot California proposal to replace insurance companies with government-funded health care are being unrealistic as they push to fund sweeping changes with $106 billion annually from a sales tax hike and a new tax on business revenue.

S&P CEO: Business CEO's double down on tax reform to spur growth

Whether it’s a substantial tax cut, or one that underperforms expectations, S&P Global President and CEO Doug Peterson said on Tuesday that “any tax cut is going to be seen as favorable.” Though, he added a cut that incorporated “some sort of a territoriality system and simplification would be far superior.”