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Many of those companies in anticipation of tax savings have given rasises, bonuses and committed to expansion plans. They will make hasty plans to leave. This is creepily similar to the changes communists make when they take over a country.
There are companies that have already given raises based on that federal tax cut. They will not be able to afford to give half that back to the states. They can't raise state taxes that much on the working class. They will leave the state. Instead of getting a raise, these people will end up unemployed and the state will blame republicans. Seen this shit before.
I am convinced not one liberal in elected office in America has ever spent one minute in an economics class.
If Cali takes half of the federal tax savings, many corporations will leave.
When will the stoned assholes running that state understand this?
Since they don't think once now the real question is can they think if they live in CA?There are companies that have already given raises based on that federal tax cut. They will not be able to afford to give half that back to the states. They can't raise state taxes that much on the working class. They will leave the state. Instead of getting a raise, these people will end up unemployed and the state will blame republicans. Seen this shit before.
What would serve them right is for the companies to take back those bonuses and raises, then maybe those people would think twice before they go vote next time.
LOL Keep it up California and every business making more than one million will leave your shit hole state
Maybe they need to help the poor that the mega rich kicked out of their affordable housing to build 3 million dollar a apartment Hi-Rises.
I do not agree with the far left in our Calif. government right now, but the poor is our problem and in our community.
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Have to be an idiot to open a business in KKKalifornia.In response to Trumps tax cut bill, these idiots are actually going to increase taxes on business. There's no stupid like California liberal stupid.
California Democrats want businesses to give half their tax-cut savings to state
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.
California Democrats want businesses to give half their tax-cut savings to state
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.
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There is something seriously wrong with the leaders of California. If they think they are losing people now do something like this and you will practically shut CA. down , oh maybe that is the goal make it like a third world nation as they crap and piss in the streets, seduce children, and make it all ok to do.
The state is clipped and falling fast soon they won't need an earthquake to fall into the ocean.
/----/ Money grubbing democRATs don't care who they hurt proving once again liberalism is evil. Stupid pigs.We know that as goes California and New York States...the national party will soon follow. No wonder blue states can’t attract jobs.
California Democrats want some businesses to fork over half tax-cut savings to state
We know that as goes California and New York States...the national party will soon follow. No wonder blue states can’t attract jobs.
California Democrats want some businesses to fork over half tax-cut savings to state
/-----/ All of those Red states you list are agricultural states, with the exception of Alaska which is a frozen tundra dependent on oil production. They have little or no industrial base to provide jobs. Naturally their UE rates are higher. But you already knew that.We know that as goes California and New York States...the national party will soon follow. No wonder blue states can’t attract jobs.
California Democrats want some businesses to fork over half tax-cut savings to state
So....
List of U.S. states and territories by unemployment rate - Wikipedia
unemployment rates by state.
1. Alaska at 7.2%. Republican Senate, House has more Republicans than any other party.
2. New Mexico at 6.3% Republican Governor,
3. Ohio at 5.4% Republican Governor, Senate, House
4. Kentucky at 5.4% Republican Governor, Senate, House
5. Mississippi at 5.3% Republican Governor, Senate, House
6. Louisiana at 5.2% Republican House and Senate
7. California.
Well, looks like 5 out of 6 of the top states for unemployment are basically Republican. Three of them have a Republican sweep of the Governor, House and Senate.
Yeah, Republican politics work amazingly.
We know that as goes California and New York States...the national party will soon follow. No wonder blue states can’t attract jobs.
California Democrats want some businesses to fork over half tax-cut savings to state
We know that as goes California and New York States...the national party will soon follow. No wonder blue states can’t attract jobs.
California Democrats want some businesses to fork over half tax-cut savings to state
So....
List of U.S. states and territories by unemployment rate - Wikipedia
unemployment rates by state.
1. Alaska at 7.2%. Republican Senate, House has more Republicans than any other party.
2. New Mexico at 6.3% Republican Governor,
3. Ohio at 5.4% Republican Governor, Senate, House
4. Kentucky at 5.4% Republican Governor, Senate, House
5. Mississippi at 5.3% Republican Governor, Senate, House
6. Louisiana at 5.2% Republican House and Senate
7. California.
Well, looks like 5 out of 6 of the top states for unemployment are basically Republican. Three of them have a Republican sweep of the Governor, House and Senate.
Yeah, Republican politics work amazingly.
