Healthcare

Bay Area Impact: A Taxing Time on California’s Economy

From Bay Area Council, 9/10/2020: Accurate, timely information is among the key weapons in our response to the COVID-19 pandemic, from understanding public health warnings and directives to planning for what’s ahead. The Bay Area Council’s series of weekly webinars feature top experts providing information, insights and guidance on a range of topics from the public health response, to federal and local policy, to business continuity. As California struggles to reopen and rebound from a ruinous economic downturn that has cost millions of jobs, state and local elected officials are proposing a raft of new targeted taxes on businesses, investors and entrepreneurs that will slow down the recovery, make California less able to compete and worsen the state’s already volatile budget. To understand what’s behind these tax proposals and what they mean for California’s economy, Bay Area Council Chair Mary Huss, President and Publisher of the San Francisco Business Times and Silicon Valley Business Journal, and CEO Jim Wunderman led a discussion on Thursday, September 10 with David Crane, President of Govern for California and Stanford University lecturer; Richard Kovacevich, former CEO, Wells Fargo; and Jim Wallace, CEO, BPM.