How would federal tax overhaul hit California? Dan Walters expects a wealth exodus

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This Tax Overhaul Will Be Final Straw for Many Californians Get ready to see a lot of moving vans headed out of high-tax states, like California, New Jersey and Maryland.

While homeowners in high-tax states like New York and New Jersey may be packing their bags to move to Florida and Texas, real estate professionals in California say they are not seeing an exodus.

How would federal tax overhaul hit California? Dan Walters expects a wealth exodus Dan Walters expects a wealth exodus Disgraced former archbishop of Boston, Cardinal Bernard Law, has died in Rome at 86.

Gov. Jerry Brown and other Democratic leaders worry the new federal tax law will inspire. Wealthy exodus to escape new tax rules worries california democrats. How to turn federal tax reform.

A $12 billion tax hike is coming for Californians next year, thanks to the Republican tax bill championed by Congresswoman Mimi Walters (R-Irvine). According to an analysis by the franchise tax board, new caps on tax deductions included in the Walters-backed bill is the main factor in higher taxes for many Californians.

Dan Walters has been a journalist for nearly 57 years, spending all but a few of those years working for California newspapers. He began his professional career in 1960, at age 16, at the Humboldt Times in Eureka, while still attending high school, and turned down a National Merit scholarship to continue working as a journalist.

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Center for Freedom & Prosperity Chairman Dan Mitchell on the impact of the tax reform legislation on high-tax states across the country.