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

San Francisco Chronicle, by Melody Gutierrez

Original Article

Posted By:poster, 1/18/2018 8:17:44 PM

California lawmakers are targeting the expected windfall 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.


Post Reply  

Reply 1 - Posted by: SALady, 1/18/2018 8:19:47 PM     (No. 11515018)

Can we PLEASE just give Cubafornia to Mexico?!?!?!?

Pretty please!!!!!

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Reply 2 - Posted by: Hooter, 1/18/2018 8:25:22 PM     (No. 11515023)

They truly believe it´s their money and we all work for them. Got to support the government and their lifestyle.

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Reply 3 - Posted by: hershey, 1/18/2018 8:25:53 PM     (No. 11515026)

Every time I think they have hit rock bottom of stupidity, they always manage to drag up something new...If I lived there I"d sure be looking for somewhere else...

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Reply 4 - Posted by: droopydog, 1/18/2018 8:26:34 PM     (No. 11515027)

Carlo Gambino would be proud.

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Reply 5 - Posted by: avanti1, 1/18/2018 8:27:00 PM     (No. 11515028)

The California state legislature appears to be determined to make California businesses noncompetitive or drive them out of the state in order to be competitive.

These proposals are insane and self-destructive!

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Reply 6 - Posted by: Davids918, 1/18/2018 8:28:41 PM     (No. 11515029)

They truly believe it´s their money.

I´m sure there will be a few companies who will leave California, and these two idiots won´t realize why.

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Reply 7 - Posted by: Thos Weatherby, 1/18/2018 8:32:35 PM     (No. 11515040)

Great idea California. Texas is open for business.

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Reply 8 - Posted by: Hazymac, 1/18/2018 8:34:53 PM     (No. 11515043)

California Democrats are in the process of running all productive enterprise out of the state. Within a generation Texas (or even Florida, unless those state turn sharply leftward) will surpass California in population as overtaxed, overregulated Californians flee what was once the greatest state in the Union. Democrats destroy.

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Reply 9 - Posted by: Bazi, 1/18/2018 8:36:27 PM     (No. 11515046)

If the business owners are democrats, they will be more than happy to comply.

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Reply 10 - Posted by: enemyofthestate, 1/18/2018 8:37:03 PM     (No. 11515050)

The out-of-control legislature in Sacramento is one of the several reasons I put the not-so-Golden State in my rearview mirror over two years ago. Dems there can pass anything they want, no matter that the state is ruined.

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Reply 11 - Posted by: terry_tr6, 1/18/2018 8:44:26 PM     (No. 11515057)

how about they just make it voluntary? We can set up a pool on how many businesses make the contribution. (hint, all those celebrities who thing we are not taxed enough are allowed to overpay their federal taxes. I bet the same number do it),

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Reply 12 - Posted by: JonR, 1/18/2018 8:49:07 PM     (No. 11515060)

No matter what else you call it, this is truly government confiscation! We have fought wars for less than this!

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Reply 13 - Posted by: Mushroom, 1/18/2018 8:53:21 PM     (No. 11515062)

*face palm*

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Reply 14 - Posted by: jimincalif, 1/18/2018 8:54:02 PM     (No. 11515063)

Next press release from Apple:

"We´re holding up on those bonuses...."

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Reply 15 - Posted by: Muncsdad, 1/18/2018 9:12:40 PM     (No. 11515087)

More and more businesses will leave the state. I just hope they leave their communism in the failed state. Hundreds of thousands of Yankees and Left Coasters havmoved to North Carolina in recent years. They fled hellhole states, but brought their liberalism with them and vote to destroy our state!

I want a wall—at three Virginia border.

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Reply 16 - Posted by: Peach1, 1/18/2018 9:15:26 PM     (No. 11515089)

Next, California will forbid companies from leaving the state!

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Reply 17 - Posted by: Nevadadad46, 1/18/2018 9:20:06 PM     (No. 11515098)

Honestly, who int heir right mind would believe this is a viable solution? Only a stupid, fantasy living Democrat would come up with this. Business is not a charity. These politicians really are lost in their own little fantasy world.

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Reply 18 - Posted by: qwerty, 1/18/2018 9:25:29 PM     (No. 11515101)

Prime example of The Law of qwerty, give a politician a chance at gouging a dollar from the populace, they´ll dig deeper for a second, then keep looking for a third, claiming it´s for the chilluns enviroment gullible warming or any of a 1000 other pipe dreams. All to line their own pockets and pay off their mistress

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Reply 19 - Posted by: JimBob, 1/18/2018 9:33:13 PM     (No. 11515109)

I understand that U-Haul is making ready to send all their empty moving trucks to California, to accommodate all the WORKING Californians who will be LEAVING for better places.

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Reply 20 - Posted by: hurricanegirl, 1/18/2018 9:34:26 PM     (No. 11515111)

Good grief, California. Why don´t just make everyone work for free while they let you distribute food and necessities as you see fit.

Oh wait . . . .

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Reply 21 - Posted by: jeffkinnh, 1/18/2018 9:34:27 PM     (No. 11515112)

Kalifornia is doing its best to become Venezuela. Socialists eventually run out of other people´s money and their economies collapse.

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Reply 22 - Posted by: Spyder, 1/18/2018 9:49:58 PM     (No. 11515127)

Bwahahahahah .... oh please stop, your killing me ... this from the Onion ... right?

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Reply 23 - Posted by: RUReadyY3K, 1/18/2018 9:50:10 PM     (No. 11515129)

I think any large business foolish enough to remain in California should give 110% of their Federal tax-cut savings to the state.

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Reply 24 - Posted by: john56, 1/18/2018 9:53:27 PM     (No. 11515132)

I thought that the California big wigs had a deal for the rich Californians to "donate" their tax cut to the state in return for a federal tax deduction (charitable deduction).

I guess when they asked the rich Hollywood Democrat elite, they learned what their idea of charity is ... to get their "fans" to donate to their charities.

Remember when they did "Feed the World" a couple decades back? I guess "Feed the California Bureaucrats" doesn´t have the same catchy ring to it.

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Reply 25 - Posted by: zephyrgirl, 1/18/2018 10:02:46 PM     (No. 11515144)

I wonder what Silicon Valley (FB, Google, etc) think of that.

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Reply 26 - Posted by: BigGeorgeTX, 1/18/2018 10:31:35 PM     (No. 11515168)

#7 Please, by all that is sacred, no. They´ll only bring their Commie proclivities with them. They voted for it. They should vote the fools in their legislatures out.

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Reply 27 - Posted by: secondtimelucky, 1/18/2018 10:46:01 PM     (No. 11515181)

whoa. how to convince businesses and corporations to move their facilities out of state. I understand Nevada and Texas are interested. I imagine many of the others would be also...

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Reply 28 - Posted by: Th-Gr-Sil-Majority, 1/19/2018 12:29:42 AM     (No. 11515223)

...I trust they understand that a federal bailout is most unlikely...

..talk about a sh*@.ol3...

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Reply 29 - Posted by: Safari Man, 1/19/2018 12:53:48 AM     (No. 11515234)

Nevada is going to tip over.

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Reply 30 - Posted by: dvc, 1/19/2018 1:31:24 AM     (No. 11515247)

And a hearty one finger salute to that idea.

They really DO want to drive away business, don´t they!

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Reply 31 - Posted by: Trigger2, 1/19/2018 2:49:57 AM     (No. 11515270)

Typical libtard CA legislature...dreaming up ways to pass out more freebies to their voting base.

On the flip side, it´s a great way for businesses to either go out of business or move to a lower taxed state. Decisions, decisions.

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Reply 32 - Posted by: strike3, 1/19/2018 5:23:59 AM     (No. 11515306)

They will try to sell this program as a benefit to the poor and middle class but what they really need the money for is to finance all of those huge pensions that they still owe to state government workers and teachers and have no way of funding. They will soon be joining Illinois and New Jersey in the Bankruptcy Club of America.

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Reply 33 - Posted by: bigken2, 1/19/2018 6:20:30 AM     (No. 11515323)

#16 they will you were joking but there was proposal in ill to tax anyone who left ill $10000

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Reply 34 - Posted by: winnie1, 1/19/2018 8:07:33 AM     (No. 11515393)

Sounds like the Golden State is turning into a Tin State.

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