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.”


Major CEO Congratulates Trump on Tax Reform, Then Drops ‘Really Big’ Announcement to His Face

President Donald Trump is having great success at the World Economic Forum in Davos, Switzerland.

While he’s been criticized for his tax reform here at home, CEOs around the world are taking notice and looking at transferring new business to the United States.

Siemens CEO Joe Kaeser was seated right next to President Trump, and he decided to reveal some big news about the future of his company. Siemens, which employs 56,000 people in the United States, has chosen to produce its gas turbines in the United States because of the corporate tax cuts afforded by Trump.

“Congratulations on your tax reform. … Since you have been successful with the tax reform, we decided to develop the next-generation gas turbines in the United States.”

President Trump replied, “That’s a big thing. That’s really big. Where will that be developed?”


“That’s fantastic. Well, thank you, on behalf of Charlotte. Thank you very much, and our country.”

The rest of his guests at the dinner party introduced themselves and shared with the president how many of their employees are based in the United States. His party included representation from Volvo, Nestle, Deloitte, Nokia, Bayer and others.

While Trump has been criticized for being a businessman and not a politician, in a setting like this, it’s easy to see his level of comfort, and the amount of respect the industry leaders gathered there had for their host.