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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.
Good job california! Drive out more businesses to fund your illegals!
If they stay in CA, shareholders will get upset, when they decide to leave, their largest shareholder will turn out to be CALPERS and they will nix the move.
If they stay in CA, shareholders will get upset, when they decide to leave, their largest shareholder will turn out to be CALPERS and they will nix the move.
I guess silicon valley can afford it. Im sure apple will not be creating those 25k jobs in California lol
The left just can't stand anyone keeping money they earned when it could be going to big government.
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