The Pension Sink Is Gulping Billions in Tax Raises

By Steve Malanga, The Wall Street Journal

California Gov. Jerry Brown sold a $6 billion tax increase to voters in 2012 by promising that nearly half of the money would go to bolster public schools. Critics argued that much of the new revenue would wind up in California’s severely underfunded teacher pension system. They were right.

​NFIB: Minimum wage hike will kill 300,000 jobs

By Allen Young, Sacramento Business Journal

A proposal to raise California’s minimum wage to $13 an hour would kill more than 323,000 jobs over ten years and reduce the state’s real output by $224 billion,according to a study released Wednesday by the California chapter of the National Federation of Independent Business.