Lubbock Times

WASHINGTON, D.C. – Last week, President Joe Biden announced he is not seeking another four years in office and intends to pass the torch to his Vice President and Open-Border Czar, Kamala Harris, a Democrat from California.

California's policies often draw national attention due to its significant economic standing. As noted frequently, if California were a country, it would rank fifth in GDP globally. This amplifies the impact of any policy missteps within the state. Understanding these issues is essential to avoid replicating them on a national scale.

According to Forbes Advisor, gas prices in California reached $4.89 per gallon in June 2024, the highest in the nation. Additionally, fast food minimum wage requirements of $20 per hour have reportedly led to hiring freezes and layoffs within firms. The state also has the highest sales tax rate at 7.25 percent, with local taxes pushing this up to 10.75 percent in some areas.

The potential for implementing similar policies nationwide raises concerns about their impact on the U.S economy. Should Vice President Harris assume office, there are fears she might extend these policies federally.

In January 2024, reporting by the California Globe highlighted an ongoing exodus of businesses from California to more business-friendly states.

In terms of immigration policy, California Governor Gavin Newsom declared California a "sanctuary state" in 2018. This means that California promotes practices that obstruct federal immigration enforcement by refusing or prohibiting compliance with ICE detainers and impeding communication between local personnel and federal immigration officers.

Health care challenges persist as well. An April 2024 report by the California Health Care Foundation indicated that over half of Californians skipped medical care due to cost concerns last year. Nearly half of those individuals reported worsened conditions as a result.

Nationally, families are feeling financial strain too; an average family of four now pays an additional $16,992 annually for goods and services compared to previous years.

Critics argue that adopting similar policies nationwide could lead to broader economic difficulties and increased costs for American families.

For further information:

- Read CBO’s Monthly Budget Review for June 2024.

- Access an executive summary of CBO’s updated budget projections for fiscal years (FY) 2024-2034.

- Compare CBO’s February 2024 baseline report with its June 2024 update and see how it contrasts with data from when President Biden took office.