California Democrats Demand Businesses Turn Over Half Of Their Tax Savings From Trump Tax Reform Bill To The State

California democrats propose a new bill that would force local businesses to fork over half their intended tax break through Trump’s new reform.

 California democrats

Liberals controlling California are as greedy and corrupt as it gets and the newest proposal regarding Trump’s tax reform is proof. In order to restore the American economy President Trump changed the country’s tax bill to better provide big business with incentives to stay and build Here in our country. Now California officials are reversing the plan by proposing to take have the incentives away. The result will be the removal of big business from California altogether and California is only hurting itself as usual.


SF Gate – 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.”


SHOCKING: According to MSNBC Host A Tax Cut For Businesses Is Unnecessary

Screen Shot Stephanie Ruhle (MSNBC: Nov 2, 2017)

Stephanie Ruhle, the host of MSNBC stated on Thursday that businesses do not need a tax cut. Ruhle added up that companies will be happy with cutting regulations in their industries.

The Daily Caller has the video content.

The GOP has announced this tax bill on Thursday, aiming to slash corporate tax rates. Mr. Donald Trump has on several occasions called for reducing the corporate rate. The United States still has the highest corporate tax rate, compared to other prosperous economies.

Nevertheless, Ruhle claimed that a tax cut for businesses is not necessary.

“For large and small businesses, regulation is a bigger issue than taxes are and they’re cleaning house in terms of regulation…they’re doing it right under our nose while we’re not paying attention,” Ruhle said. “Cutting their taxes is not what companies need.”

“That’s absolutely right and will, at most, in the most rosy scenarios, add half a point to GDP over a year or two which maybe adds some wages for folks, maybe doesn’t,” her guest agreed. “But it’s not going to be a game changer for the economy.”