Gavin Newsom and the California legislature are preparing to hit the state’s residents with a double whammy of new taxes to fund their political agenda. Titus Wu describes the new measures in the California Post, writing:
One measure would extend a tax on health care providers to potentially generate roughly $2 billion a year to help fund Medi-Cal.
Individuals with private health insurance plans could see their rates go up an average of about $100 a year, or $400 a year for a family of four, as insurers look to pass on the costs….
The other tax hike classifies “prewritten” software products as personal property subject to the state’s highest-in-the-nation sales tax. The software tax is estimated to bring in $900 million annually, according to legislative analysis.
Action Line: How much more can Californians take? California’s net interstate migration has been negative since 2001 as residents look to escape the mismanagement. If you’re planning a move out of an escape state like California, begin your search with Your Survival Guy’s 2026 Super States. And click here to subscribe to my free monthly Survive & Thrive letter.
