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:
This is insane. –>> California Democrats want businesses to give half their tax-cut savings to state.
cc: @irishspyhttps://t.co/5OdIsAhKsD— Sister Delecto Toldjah ? (@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!
https://twitter.com/NoRunnyEggs/status/954705108805308417
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
Only half?
— Susan Burge (@georgiarealist) January 20, 2018
If Dems got enough takers that would almost certainly become 3/4, and then all of it.