Posted on 01/21/2018 7:46:18 PM PST by Liberty7732
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.
(Excerpt) Read more at sfgate.com ...
Way to chase all the employers out of California.
Fools.
boss mans are bad
Another reason to thank God every day if you don’t live in CA.
Great idea. Let’s see Google, Apple, Facebook, etc. all rush to sign up for that.
The businesses should ask for a sign of good faith from the politicians, like giving half of their fund raiser money to the state, and vowing to take no raises until the state is fiscally sound. Hypocritical untalented scum.
Is it even possible to determine the exact impact of the tax cuts? There are so many factors involved with corporate taxes.
I saw this earlier today and told and showed my son this and said, “California wants to take 1/2 the corporations tax cuts and give it to illegals and welfare, can you believe it.” But it did give us a big big laugh.
These clods must think that businessmen are as stupid as they are. Good grief!
“...so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.”
Really or into the pockets of Moonbeam’s cronies?
More theft from the state of Califorkya.
Irony is a liberal that hates “corporatism” yet buys Apple products when Apple has $750 billion cash in the bank.
And Hollywood!
I would ask politicians to enter a swimming race with a concrete block chained to each foot.
Related...
http://freerepublic.com/focus/f-chat/3624191/posts
http://freerepublic.com/focus/f-news/3624439/posts
this proposal illuminates the thinking of the parasitic who are employed by the gov’t.
Somewhere Ayn Rand is laughing.
I’m sure a lot of businesses owned by left wingers will be rushing to California to pay forward. God bless their little hearts.
I’m sure that Kalifornia would tax sex if they could figure out a way to do it. Time fo a tax rebellion there.
California Democrats can "want" in one hand and shit in the other. Let's see which one fills up the fastest.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.