Well, do they? I never said they kept all the tax revenues. I only ironically suggested that some nice smokey refineries in California -- close to where the gasoline is combusted, a green ideal -- might balance the books for California. This, in fact, is what is being debated -- whether or not to give the state's a piece of the action.
This isn't proof, but it illustrates the rapacity of California's political dynasts. You can almost hear Elizabeth Warren loudly proclaiming that 'Thats not your tax cut!
CA Democrats Want Businesses To Give State Half Of What They Save From Tax Cuts
ByHANK BERRIEN January 23, 2018
Democrats in California, unsatisfied with sucking every possible dollar away from taxpayers, have a new vacuum-ready plan: force some businesses to give half of the savings they accrue from the newly-instituted tax cuts back to the state.
Daily Wire Editor-in-Chief Ben Shapiro, who hails from Los Angeles, blasted his state’s Democrats in an email to The Daily Signal: “It’s typical that Democrats in California see every dollar back in taxpayers’ pocket as a dollar they can steal. They’re driving business out of the state quickly and efficiently, and this latest move will continue to do just that.”
State Assemblymen Kevin McCarty (D-Sacramento) and Phil Ting (D-San Francisco) want to impose a tax surcharge on companies in California “making more than $1 million,” according to SF Gate. The surcharge instituted by their proposal, ACA22, would transfer the funds accrued by the state to state government programs for middle-class and low-income families.
Ting released a statement which said, “Trump’s tax reform plan was nothing more than a middle-class tax increase. 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.”
The tax cuts implemented by the GOP cap the state and local income tax deduction at $10,000, which would permit taxpayers who itemize to deduct from federal taxable income property and income taxes they pay to state or local governments.
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why is California the poverty capital of america ?