Legal, legal, legal. Everything is about law this week, and it’s not great for small businesses. The ACA subsidies got upheld by the supreme court this week, which means it will ultimately expand in California. The “Make-It-Fair” coalition wants to make sure business’ property taxes can be raised annually, which means it’s going to cost more for small business to stay open. And the Trans Pacific Partnership has small apparel companies concerned. Here’s what’s happening this week.
Supreme Court’s Obamacare Ruling Clears the Air in California
The U.S. Supreme Court’s decision Thursday to uphold federal subsidies under the Affordable Care Act, or Obamacare, means California can intensify its focus on increasing enrollment, improving health outcomes and addressing concerns about costs, health experts said Thursday. Get the whole story on the OC Register.
Proposals Seek to Undermine Prop. 13 Taxpayer Protections
A coalition has decided to play a dangerous game with California’s fragile economy. The so-called “Make it Fair” coalition has announced that it has plans to push legislation while also placing a split-roll initiative on the November 2016 ballot. Read the details on the OC Register.
LA Clothing Makers Worry About Impact of Trans-Pacific Partnership
Congress gave President Obama sole authority to negotiate the Trans-Pacific Partnership last week. The 12-nation trade deal – known as the TPP – would create a free trade zone stretching from Japan to Chile that includes 40 percent of world’s economy. It has been a key legislative priority for Obama and very controversial, pitting Obama against liberal members of his own party and labor unions. The deal has also created a rift in the apparel industry – between big, national companies and smaller ones here in Southern California. Find out more on KPCC.
That’s it for this week. Let us know what you think about this news and about anything we missed in the comments section below. Have an awesome Monday!