RATS aren't smart enough to understand the business model of a lemonade stand...
Posted on 09/17/2018 6:10:00 PM PDT by Presbyterian Reporter
The Democratic nominee for governor in Florida who ran a primary campaign claiming he was the only "true progressive" in the race is proposing a 40 percent hike in the state's corporate taxes, and is selling the idea in-part by comparing his proposed tax rates to California, one of the highest states for corporate taxation in the nation.
"By adjusting our state corporate tax level to a modest 7.75%, which allows our richest corporations to receive a tax cut and keeps our corporate tax rate more than 1% lower than California, we'll be able to recoup at least $1 billion and put it where we need it most — investing in our future," the Gillum campaign website says.
Florida's current top marginal corporate tax rate is 5.5 percent, half-a-point lower than neighboring Georgia, and a full point lower than Alabama, according to data compiled at the Tax Foundation.
Republicans are already highlighting the proposal as a stark difference between Gillum and the Republican nominee, Rep. Ron DeSantis.
A recent report from the Sarasota Herald-Tribune produced a long list of civic and business entities as well as former politicians saying the issue was certain to create on of the bigger clashes in the remainder of the campaign.
"National headquarters of companies in this state are focused on this like a laser beam," Tom Feeney, a former Republican Florida House speaker and president of Associated Industries of Florida, told the paper. Feeney's industry group represents some of the biggest companies in the state.
"Punishing corporations by taking money out of the pockets of job-creators is going to have a chilling effect on this state's economy."
Long-time Republican analyst Mac Stipanovich says the Gillum proposal is one more way in which the policy differences between the two major-party candidates will be more divergent than other Florida races this year or in years past.
"What's odd about it is, is Gillum is so unapologetic about it." Stipanovich told the Free Beacon. "He doesn't try to say, ‘Well, what I really mean, and what this is…' No. This is what I mean: Let's increase the corporate income tax from [5.5] to [7.75], it'll raise a billion dollars, let's spend it on public education."
Stipanovich also pointed to Gillum's proposal to expand Medicaid and to boost the state's minimum wage to $15 per hour as the other major differences between the two campaigns.
The Republican Governors Association is currently running television ads taking aim at the proposed tax increase.
"Gillum wants to increase Florida taxes by a billion dollars—disaster for the economy." the narrator for the RGA ad says.
The Herald-Tribune also reported that the Florida Chamber of Commerce quickly donated $100,000 to the DeSantis campaign shortly after Gillum produced the upset win in the Aug. 28 primary.
"We definitely don't see this as just a symbolic move by Gillum," said DeSantis spokesman Stephen Lawson. "It's very much in keeping with where he's going in this campaign."
Gillum seems hell bent on getting rid of these high paying jobs by imposing a 40% increase in the Florida corporate tax rate.
Gillum says that his proposal """keeps our corporate tax rate more than 1% lower than California""". Somehow I do not believe Floridians want to become a high tax state like California.
Socialist numb nuts.
Don’t all move to Texas at once people.
keep talking. you’ll finish yourself and depress dem turnout for the house and senate races.
De Santis response: “If you want this guy you can have him”.
RATS aren't smart enough to understand the business model of a lemonade stand...
California is a was.
We were born here, grew up here, married, and lived our lives here, but as soon as possible Mrs. and me will flee as have many thousands of others before us.
California was a great State to live in, and once upon a time we thanked GOD daily for our good fortune.
Democrats are like Termites. Suddenly your beautiful home is in ruin, and the costs to repair are out of sight.
finish Gillum chances and depress dem turnout...
How exactly does a FL voter justify voting for someone who would destroy their state through high taxes?
And dividing the wealth of taxpayers, starting with socialist elite at the top skimming off their take first.
You need to propose 100% tax on all corporate earnings.
110% if you want their factories, too.
You can make calls with very cool new devices from HOME ..
Steyer from Calif is pouring millions and so is a Radical Black Leftists groups from DC .
GO Volunteer-from HOME !
Its Easy .
That will force companies to raise prices as taxes are expenses passed on to the consumer.
Yep - He’s a Dumb-O-Crat
“”California is a was.””
I lived in California 20 years, I am glad I left CA 25 years ago. Living in Florida the past 20 years has been a pleasure. Low taxes and good business climate in Florida have encouraged many corporations to move here from high tax states like Illinois.
Gillum is a typical Socialist that wants to destroy what is good and make everyone miserable.
Sure.
He wants to raise taxes and he tries to make it sound like he’s doing everyone a favor.
Democrat class warfare.
As jobs go flushing - welcome to what socialism is.
“””We need more FL RNC volunteers.”””
I agree. Lots of things people can do to help.
1. Attend DeSantis and Scott rallies. Let the candidates know they have thousands of supporters.
2. Get campaign signs from DeSantis and Scott and with your friends wave the campaign signs at a busy street corner. Let the public know DeSantis and Scott have enthusiastic supporters.
Take from the rich and give to the poor.
When the rich leave there will be more poor.
Gillum is a typical Liberal loonie who is too stupid to know that corporations don’t pay taxes -— they simply pass on the costs of doing business to the consumer and WE pay their taxes.
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