CalChamber: Three ‘Job Killer’ Bills Face Committee Hearings Today; CalChamber Adds Another Bill to List
(April 20, 2015) Three California Chamber of Commerce-opposed “job killer” bills will be heard in policy committees today. In addition, CalChamber has identified another “job killer” bill, bringing the current total to 17.
“Job killer” bills with committee hearings today are:
AB 244 (Eggman; D-Stockton) jeopardizes access to credit for home mortgages, increasing the challenge to attract business to California because of high housing prices, by extending the homeowner’s bill of rights to others, thereby opening the door to more private rights of action. Assembly Banking and Finance Committee.
ACA 4 (Frazier; D-Oakley) adds complexity and uncertainty to the current tax structure and pressure to increase taxes on commercial, industrial and residential property owners by giving local governments new authority to enact special taxes, including parcel taxes, by lowering the vote threshold from two-thirds to 55%. Anticipated in the Assembly Transportation Committee.
SB 3 (Leno; D-San Francisco) unfairly increases employers’ costs while ignoring the economic factors or other costs of employers by increasing the minimum wage by $3.00 over the next two and a half years with automatic increases tied to inflation. Senate Appropriations Committee. (CalChamber, April 20, 2015)