CHANGE THE CONSTITUTION TO FIT THEIR GREEDY NEEDS
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.
THEY SLAMMED THE NEW TAX PROGRAM VICIOUSLY BUT NOW WANT TO TAKE SOME OF THE LOOT LIKE A THEF IN THE NIGHT.
I AM SURPRISED THEY DID NOT SAY IT WAS FOR “THE CHILDREN” LIKE THEY USUALLY DO TO FEED THEIR GREED.
REMEMBER ALSO THEY ROUTINLEY DIVERT MONEYS COLLECTED FOR ONE PUPOSE TO ANOTHER AFTER THEY GET IT.
NEED TO ASK IS THIS FOR A DEDICATED FUND OR THE GENERAL FUND?