What is it with California? That's a serious question. What dynamics have been layed in the past for their behavior?
Seems to be so much hate in the law there?
If I lived there I would exit stage left.
California Democrats want some businesses to fork over half tax-cut savings to state | Fox News
Calling the Trump administration’s tax reform plan a “middle-class tax increase,” two California lawmakers introduced a bill that would force large companies to fork over half of their expected savings to the state.
Assemblymen Kevin McCarty and Phil Ting, both Democrats, introduced Assembly Constitutional Amendment 22, which calls for a 10 percent surcharge on companies with a net earnings over $1 million. The plan could potentially raise billions for the state's social services programs.
“It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals,” Ting said in a statement, according to The San Francisco Chronicle. “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 Trump administration’s tax bill cut the corporate tax rate from 35 percent to 21 percent. The administration contends that the lessened tax burden will stimulate the economy and help the U.S. stay competitive on a global scale.