One effect of the GOP tax bill has left liberal politicians in states with very high taxes in a panic. One proposed “solution” in California is nothing short of hilarious:
— Sister Toldjah ツ (@sistertoldjah) January 20, 2018
Basically it sounds like state Dems want to tax the money companies keep due to tax cuts:
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.
The Dems never stop trying to convince Americans that all their money belongs to the government!
Would that politician be Daffy Duck (D-Mine, All Mine)?
— Steve Eggleston (@NoRunnyEggs) January 20, 2018
Democrats in CA trying to take Federal tax cut savings is only insane until you realize Democrats believe all the money you earn belongs to the government. Individuals & companies only get to keep the wages the state decides to let them keep.
— Common Sense (@Paine_1776) January 20, 2018
You're so unfair!
They're letting them keep half!
Make no mistake about it. @NCDemParty would be doing the same thing in #ncpol if they controlled the legislature. The Socialist mindset is pervasive in the modern Dem Party – never can get enough of the citizens' money to spend. https://t.co/fe6MTU8CeE
— Jim Blaine (@JimBlaine) January 20, 2018
Hahahahahaha! That'll work. https://t.co/LGswRrebCh
— Melissa Mackenzie 🌐 (@MelissaTweets) January 20, 2018
— Susan Burge (@georgiarealist) January 20, 2018
If Dems got enough takers that would almost certainly become 3/4, and then all of it.