SACRAMENTO – Assemblymember Diane Dixon (R-Newport Beach) provided thoughts on Governor Newsom’s 2023-24 budget proposal.
The Governor is constitutionally required to release a proposed budget for the Legislature to consider by January 10. Today he revealed a statewide budget of $297 billion when California is expected to face a budget deficit of $22 billion.
“It is disappointing that the Governor has decided to reduce spending by increasing taxes,” said Dixon, “We need to be focused on real reductions when facing a deficit and probable recession.”
Surprisingly, one of his solutions was to cut the Small Business Unemployment Insurance Tax Relief Program, which means small businesses will be saddled with increased taxes of $500 million. Eliminating this program will further impact small businesses already struggling under California’s costly regulations and high taxes.
“Piling taxes on our small businesses will simply drive them out of California to more business friendly states,” Dixon commented. “Our communities are still recovering from the pandemic, in addition to dealing with significantly increased costs due to unrelenting inflation. We need to focus on helping California residents and business owners to get back on their feet with real solutions, not empty their pocketbooks.”
Assemblywoman Diane Dixon, R-Newport Beach, is a pragmatic businesswoman and former Mayor, who represents the 72nd Assembly District in the California Legislature, which includes Seal Beach, Huntington Beach, Newport Beach, Laguna Beach, Aliso Viejo, Laguna Hills, Laguna Woods and Lake Forest.
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