Hertzberg Presents Plan to Provide Trump Tax Relief at First Hearing
Senate Committee on Governance and Finance Holds First in Series of Hearings on SB 993, Sen. Hertzberg’s Latest Tax Reform Measure
SACRAMENTO – Senator Bob Hertzberg, D-Van Nuys, today testified before the Senate Committee on Governance and Finance to make the case for SB 993, his latest tax reform measure.
The hearing, which lasted nearly two hours and included robust discussion on all sides of the issue, was the first in a series of hearings intended to hear feedback and build consensus around a plan to incorporate service taxes into California’s economy. SB 993 would provide relief to Californians hit by the Trump Tax by creating a modest 3% tax on a number of professional services in exchange for a 2% reduction in the statewide sales and use tax.
Upon the conclusion of the hearing, Senator Hertzberg released the following statement:
“I’m trying to tackle the untouchable issue of taxes. Taxes, though unpopular, are so fundamentally important to our economy and to our way of life. Like the Governor has said, the time is now to create a framework to fix our tax structure.
SB 993 is a modest and phased-in approach that begins to shift and expand our tax base, and it gives relief to middle and low-income taxpayers hurt most by the federal tax law. This bill is the framework that Governor Brown is asking for, and will set the stage for the next Governor. Over the next few weeks, I look forward to working with this committee and stakeholders to listen to concerns and continue to crunch the numbers.”
The next hearing on SB 993 will take place on Wednesday, June 13.
Media Contact: Katie Hanzlik
Senator Robert M. Hertzberg
Capitol Building, Room 4038