Tuesday, January 23, 2018
Prog-tastic: Calif Dems want state to tax businesses federal tax cut savings
The following article posted on Michelle Malkin site on January 21st
By Doug Powers
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 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.”
Democrats are like Roombas perpetually set to “sniff out and take away somebody else’s money.”
Ed. Do liberals believe it to be YOUR money which they tax at a certain rate?
Liberals believe it to be THEIR money. Their great generosity simply permits you to keep a portion of it.