Golden State Today

The California Chamber of Commerce has recently announced the addition of four new bills to its 2024 Job Killer List. These bills have raised concerns within the business community for their potential negative impacts on the state's economy.

According to Bennett from Ventura, AB 2230 "worsens the housing crisis" by impeding crucial capital inflow necessary for housing production and potentially criminalizing returns on investment. The bill's expansion of the Cartwright Act has been deemed unnecessary and detrimental.

Papan from San Mateo expressed reservations about AB 2829, stating that it "implements a new tax on digital ads of 5%" which could not only burden businesses with increased taxes but also raise constitutional concerns.

Hurtado from Sanger highlighted the issues with SB 1154, which aims to prevent algorithmic collusion. Hurtado argued that the bill's restrictions on pricing algorithms using competitor data are redundant given existing laws against collusion, and could lead to confusion and added costs for businesses.

Menjivar from Los Angeles criticized SB 1497, labeling it as the "Polluters Pay Climate Cost Recovery Act of 2024." The bill proposes an undefined tax on various entities, which Menjivar believes will escalate the costs of goods and services in California.

The addition of these bills to the Job Killer List underscores the California Chamber of Commerce's concerns regarding their potential adverse effects on businesses and the state's economy.