Equipment Tax Is Hobbling State’s Manufacturers
By CalTax President Robert Gutierrez and California Manufacturers & Technology Association President Lance Hastings This commentary was originally published by CalMatters.org and appeared in the Marin Independent Journal, Los Angeles Daily News, Orange County Register, and other newspapers. California, which leads the nation in innovation, attracts no more than 1 percent of new manufacturing investment in the United States. Why? Because it double-taxes production. By that we mean our state taxes both the production equipment and the product. California can…