Posted on 01/23/2018 5:48:39 PM PST by Kaslin
Are you kidding me, California? Actually, no—the politics in this left wing cesspool are so insufferable that this really shouldn’t shock us.
After President Donald J. Trump passed a historic tax reform package before Christmas, over 150 companies have doled out bonuses of $1,000 or more to workers, increased employee investment, and plan to boost philanthropic giving. Over two million workers have received bonuses. This is the middle class tax cut that Democrats voted against in December. This is the job creating and investing environment that they hate. They voted against our country’s economic growth, our workers, and the middle class to screw over the president. Now, they’re eating crow.
The Democratic Party thinks your money is their money (typical) and the state legislature in California is making that explicitly clear. They’re pushing for business to fork over half of their tax savings to the state because this is what you get when Democrats are in charge (via SFGate):
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.
Yeah, this would be a sure thing, but a few state Democratic representatives in Sacramento have been accused of gross sexual misconduct, which has led to chaos within the state party. This fiasco has cost the party their supermajority—at least for the beginning of 2018. How dare businesses get tax relief: the motto of a California Democrat.
the sound you hear are moving trucks with companies speeding east on every interstate highway leading out ...
Great idea.....hope the SactoDonkeys implement this.
Increase the burden. That is the only way the taxpaying masses will revolt.
CalPERS should be required to cash in half of the “gain” and give that to the state also.
They should take it all. Just to show them who’s in charge.
Jerry Brown and his jerk parade in Sacramento are already getting a portion of those bonuses via state income taxes (high taxes). Still not good enough for them, they want it all. For the illegals. F' Jerry Brown.
Nevada is looking for new tenants, Texas also.
Hollywood mega producers and self incorporated stars will gladly be forking over 1/2 of their tax cuts savings.
Nevada might be beyond hope, Texas is turning purple. I know a certain percentage, perhaps more than half, of people fleeing Cali are conservatives finally looking for greener pastures — but I still get queasy at the thought of Californians going to Texas. I say this as a person who is California-born and mostly raised and residing in (and hoping to escape) Massachusetts.
Who is “us?”
Don’t take anybody from California without vetting them heavily. Even re-education camps would not cure most of them.
Down side is, the bulk of those fleeing vote for the same crap. so they are turning red states blue.
The $10,000 write off cap and hijacking half of their tax savings... Californians must be hating life.
“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.”
IOW the money will go the the state government to fund its various boondoggles without a penny going directly to the middle class people who are supposedly "injured" by the tax cut. Great way to keep tax paying companies in the state (sarc. off).
Stay away from Texas .... just stay in Leninfornia and just give a little bit more .... it’s for the Dreamers and their extended-extended-extended families here and in Meh-e-coh.
With your attitude, please come here to TN, a genuinely free state, as long as we keep the illegals and liberals out.
I guess Silicon Valley, which is carrying the state both financially and ideologically, is not going to end up with much of a tax cut. Serves them right.
Buy stock in Uhaul tomorrow
Like He** will I stay away from Texas - I spent 8 years in San Antonio while in the service and it is the ONLY place I have lived in the USA that felt like home. (I am an immigrant from communism, FYI).
Uncle Sam dropped me off in CA and then kids, and now my business, kept me here. But when I retire, God-willing in a few years, central Texas is where we’ll be going.
Oh, BTW - no worry - I have not voted for a Democrat in my entire life for ANY office, and the first one I WILL vote for has not been born yet. :)
If that don’t assure you of my bona fides to live in TX, have a look at my home page here on FR. ;>)
Hollywood and Silicon Valley hardest hit. Oh wait, I can live with that.
“With your attitude, please come here to TN, a genuinely free stats, as long as we keep the illegals and liberals out.”
I will be retiring in exactly 18 months tomorrow. Illinois can kiss my butt goodbye. TN is high on my list.
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