Articles Comments

Truly Right View » Archive

Prog-tastic: Calif. Dems want state to tax businesses federal tax cut savings

Probably the most pathetic part of this is the assumption the money belonged to the state in the first place while blaming Trump for forcing them to take extra measures re-confiscate the wealth for re-distribution by progressives: 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 … Read entire article »

Filed under: Government Corruption, Government Waste, Main Stream Media Bias, Political Campaigning, Politics, Problems of Big Government, Restoring America