New Bill From Democrats Will Steal Trumps Tax Cuts From California Businesses
The State of California just can’t seem to stay out of the news. Something else that happens quite often in Blue states is that taxpayers, businesses, and sometimes Trump, get the shaft. A new proposal by California liberals to steal tax cuts is a prime example.
At the end of last year, Congress approved the Tax Cuts and Job Act. President Trump signed the bill into law just before the New Year holiday. As you might suspect, Democrats opposed the changes. House Minority Speaker Nancy Pelosi even went so far as to call it, “Armageddon.”
Now we aren’t going to say the bill is perfect. No legislation is without flaws. But, it’s far from being the apocalypse that Democrats are warning about. Or at least it is right now. However, California Democrats might change that for their citizens.
Last week, Assemblymen Kevin McCarty and Phil Ing proposed a Constitutional Amendment that will penalize corporations operating in the state. More specifically, corporations that benefit from Trump’s tax reforms.
If approved, the amendment would force California companies making over $1 million a year to turn over 50% of their tax cut to the state. McCarty and Ing allege that the money will be used to fund programs for low and middle-income families.
“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “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.”
Now, what do you want to bet that one of those “core priorities” is illegal immigrants? Considering they officially became a sanctuary state this year, we’d say the odds are pretty good. So, what we have here is more evidence of Democrats putting the welfare of illegals ahead of that of American citizens.
It’s also another pathetic attempt by leftists to prove that Trump is a failure. But, since California is leading the nation in poverty, drowning their citizens in high taxes, and running businesses off in droves, one doesn’t have to look far to see who the failures really are.