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

SFGate: SACRAMENTO — 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.  more here

28 Comments on CA: Democrats want businesses to give half their tax-cut savings to state

  1. I hope it passes.
    Maybe, but who knows with them, the business owning Democrats will finally, maybe, see the light.




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  2. Well you get what you vote for.
    Stupid people get stupid government like Jerry brown and the rest of the socialist in California.




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  3. Funny, but that’s the same shit Hitler did in Germany.
    Profits were legislated at 6.5% and everything over that went to the state.
    And they were forced to buy gov’t bonds.
    Wonder why McCarty hasn’t thought of that, yet?

    Swim in a cesspool; smell like shit – that’s just the way it is.
    THIS is the principle difference between subjects and free men.

    izlamo delenda est …




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  4. Oh, and “give” is quite a stretch, when the state takes something from you by force.

    If I put a gun to my neighbor’s head – is he “giving” me his money?
    “Y’see, yer honor, he give me da money …”

    izlamo delenda est …




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  5. PhilTbastards.

    They really are trying to run out of other people’s money.
    How long will Silicon Valley put up with this? Hollywood?




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  6. THANK YOU, we’ll take that!

    The money-laundering goes to donors, who give a portion back for re-election campaigns.




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  7. This is Proof that the Liberals are trying Rule as Socialists.
    Theyr’e a bunch of Pussies trying to rule with Iron Fists while eating their Soy and wearing Knickers… that won’t quite do it anymore, ask Sweden !




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  8. It’s nothing more than a grandstand stunt by desperate Democrats who are tired of Trump’s winning. The wealthy and corporate folks know that the chances of this passing are roughly zero – California Democrats don’t have 2/3 majority anymore, and even if 2/3 of the Assembly vote for it, the surcharge needs to be approved by California voters. This thing is going no where, but the poor will be fooled again into thinking that California Democrats give a rat’s ass about them.




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  9. @Tim January 21, 2018 at 4:30 pm

    > THIS is the principle difference between subjects and free men.

    I thought the difference was the willingness to see those that threaten you killed.




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  10. @Plantsman January 21, 2018 at 5:44 pm

    > that won’t quite do it anymore, ask Sweden !

    But it’s not “Swedes” solving the problem.
    Not that there’s anything wrong with that.




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  11. Those two idiots mentioned spend most of their time trying to disarm us. I guess they figure we are easier to rob if we are unarmed. This is a direct attack on large employers. Driving even more out of the state.




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  12. The best thing tomhappen is California gets the hell out of the US, then becomes the sh*thole they really want to become




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  13. @PHenry, “How long will Silicon Valley put up with this? Hollywood?”

    That’s how cronyism works.
    Feeding the gator hoping it will eat them last.
    Just like the Europeeing Dhimmi’s.




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  14. “The best thing tomhappen is California gets the hell out of the US, then becomes the sh*thole they really want to become”

    I’m dying to know what you do for a living. You have no idea the National Security implications you are typing about. Do you have any fucking idea how involved California Universities are involved in National Security? No! Google NIFT.




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  15. Just how stupid do you have to be in order to tolerate any more of the liberal BULLSHIT???
    If you want to kiss their ass or suck their dong…..it’s up to you……leave or sit there and eat shit.




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  16. Once all the businesses and wealth leave the state, then who’s going to support the beggars? Are they going to pass legislation to tax the other states? Do they still think Obama’s the president? Or Oprah? Probably so.




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