CALIFORNIA TO FORCE COMPANIES TO TURN OVER TAX-CUT SAVINGS TO THE STATE

California, where if you win, you still lose.

Remember how the GOP passed tax cuts that benefitted everyone including businesses that turned those savings into jobs and higher wages? Well, California ain’t having it. The democrats that run the state hate it when they don’t get to take the fruits of other’s labor and waste it on silly crap. California wants to force companies to turn over those tax-cut savings to the state so they can pamper illegal aliens and persecute law-abiding useful people.
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.”
www.sfgate.com/bayarea/article/California-democrats-want-businesses-to-give-half-12508742.php
Trump’s tax reform plan was nothing more than a middle-class tax increase. 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,” said enemy of capitalism Phil Ting.
downtrend.com/california-to-force-companies-to-turn-over-tax-cut-savings-to-the-state/
California Dems propose surcharge on businesses to fund social programs – half their tax-cut savings to the state
Lawmakers from California have proposed a bill that would compel companies making more than $1 million to turn over half their tax-cut savings to the state in order to fund programs that support low-income and middle-class families.
www.foxnews.com/us/2018/01/20/california-dems-propose-surcharge-on-businesses-to-fund-social-programs.html
If this passes, there will be a huge exodus of businesses. California will be known as the daycare state.
h/t VigilantTexan