California Democrats want businesses to give half their tax-cut savings to state

bripat9643

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Apr 1, 2011
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In response to Trumps tax cut bill, these idiots are actually going to increase taxes on business. There's no stupid like California liberal stupid.

California Democrats want businesses to give half their tax-cut savings to state

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.
 
At the current rate of decline CA will collapse into default within two years with this added on it is a coin flip on whether they make it to June.
 
At the current rate of decline CA will collapse into default within two years with this added on it is a coin flip on whether they make it to June.

You can always count on those idiots in Sacramento to do exactly the wrong thing for the economy. When I worked there, even libs were ridiculing the state government. Why do they keep voting for these turds?
 
In response to Trumps tax cut bill, these idiots are actually going to increase taxes on business. There's no stupid like California liberal stupid.

California Democrats want businesses to give half their tax-cut savings to state

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.

Jerry’s got to fund his beaners ya know...
 
At the current rate of decline CA will collapse into default within two years with this added on it is a coin flip on whether they make it to June.
They are trying to pass a single payer health plan for the state

So it may be quicker than 2 years...
 
At the current rate of decline CA will collapse into default within two years with this added on it is a coin flip on whether they make it to June.
They are trying to pass a single payer health plan for the state

So it may be quicker than 2 years...
I hope they do pass it. Then the rest of the country can watch what happens when you let the government take over your healthcare. I predict a vast hoard of people traveling to neighboring states to get healthcare.
 
At the current rate of decline CA will collapse into default within two years with this added on it is a coin flip on whether they make it to June.
They are trying to pass a single payer health plan for the state

So it may be quicker than 2 years...
I hope they do pass it. Then the rest of the country can watch what happens when you let the government take over your healthcare. I predict a vast hoard of people traveling to neighboring states to get healthcare.

If the tax base collapses then then much of Sacramento will go to jail.
 
All of those companies will leave the state.

No, some can't afford to and will go out of business entirely The business may be recreated in another state in all but name but the legal definition of leaving the state involves the creation of financial liabilities.

Unmovable businesses like oil fields physically cannot be moved but they may shutdown CA operations.

However most businesses will burn down while the owner is in Vegas, Hawaii or some other place.
 
California doesn't have a lot of oil fields any more. The state already shut down most of them. California has been working on destroying itself for many years.
 
Liberals are just diseased mentally ill and oppressive.

In response to Trumps tax cut bill, these idiots are actually going to increase taxes on business. There's no stupid like California liberal stupid.

California Democrats want businesses to give half their tax-cut savings to state

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.
 
In response to Trumps tax cut bill, these idiots are actually going to increase taxes on business. There's no stupid like California liberal stupid.

California Democrats want businesses to give half their tax-cut savings to state

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.

Brilliant idea to push all the businesses out of the state.
 
This is leftism, they tax and tax and tax, spend and spend and spend then it hits a breaking point and people say fuck you.

Then the left sits there and scratches their asses wondering why
 
In response to Trumps tax cut bill, these idiots are actually going to increase taxes on business. There's no stupid like California liberal stupid.

California Democrats want businesses to give half their tax-cut savings to state

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval.



Fucking California thinks they run America, we really got to get those assholes out of the Union
 

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