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Thread: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

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    California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Can't make this stuff up... Dems love to take other peoples money...


    https://www.cnsnews.com/blog/craig-b...reform-savings


    Democrats in California have proposed an amendment to take half of the tax savings businesses in their state get from the recently-passed federal tax cuts.
    California would seize the savings via a proposed "tax surcharge" on any tax reform benefits, The San Francisco Chroniclereports:

    "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."

  2. #2
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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by FriscoDog View Post
    Can't make this stuff up... Dems love to take other peoples money...


    https://www.cnsnews.com/blog/craig-b...reform-savings


    Democrats in California have proposed an amendment to take half of the tax savings businesses in their state get from the recently-passed federal tax cuts.
    California would seize the savings via a proposed "tax surcharge" on any tax reform benefits, The San Francisco Chroniclereports:

    "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."
    Those companies need to repatriate their assets back to the USA, and out of the People's Republic of California.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Democrats are Socialist on the verge of moving to pure communism. Trump won't allow it and the George Soros group is raising it's evil head and deeds.
    So many of the younger millennials and those like Guislapp don't know their world history of the above's failures and mass death march nor care about what the leftist are trying to do in the bigger picture in here America. They think socialism has something to do with social media or they are just greedy wanting everyone's else's hard earned money. And the liberal education systems and universities across our country have failed to teach the evils of socialism and communism.

    California moves to take half of some companies’ Trump tax savings

    Calling the Trump administration’s tax reform plan a "middle-class tax increase," two lawmakers introduced a bill that would force large companies to give the government half their expected savings.


    HAND IT OVER

    California moves to take half of some companies’ Trump tax savings

    Calling the Trump administration’s tax reform plan a "middle-class tax increase," two lawmakers introduced a bill that would force large companies to give the government half their expected savings.


  4. #4
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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Problem is that companies will relocate if this goes into effect. Many of those companies will relocate to Texas and bring all those crazy people with them. I don't want them to come here. They screwed up California... don't bring those ideals to TX..

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by FriscoDog View Post
    Problem is that companies will relocate if this goes into effect. Many of those companies will relocate to Texas and bring all those crazy people with them. I don't want them to come here. They screwed up California... don't bring those ideals to TX..
    Great point.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    More likely to be Colorado, they have been infected and will not make the best decision . Texas would be mine.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Tell me again, why would anyone want to be associated with the progressives?

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by techman05 View Post
    Tell me again, why would anyone want to be associated with the progressives?
    Because human beings typically want everyone to have and be better than our past, just can never figure out the how without trampling on someone else. Some think progressive, some conservative, some socialist, some fascist, some a hodgepodge of everything. Thus far in human history, it has generally been some form or aspects of progressivism that has made life better.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by JuBru View Post
    Because human beings typically want everyone to have and be better than our past, just can never figure out the how without trampling on someone else. Some think progressive, some conservative, some socialist, some fascist, some a hodgepodge of everything. Thus far in human history, it has generally been some form or aspects of progressivism that has made life better.
    No, capitalism allows the individual to raise above due to ones own work and self; not socialism or progressive BS which want the same and fairness for all .

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by TYLERTECHSAS View Post
    No, capitalism allows the individual to raise above due to ones own work and self; not socialism or progressive BS which want the same and fairness for all .
    Capitalism is economic. Progressivism is ideological. The two are not mutually exclusive. They have worked together since the very start of our country.

    Capitalism is both: it is the best opportunity for a person to rise above their station and it is supposed to be the same and fair for everyone. When it is not, it is not capitalism.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by JuBru View Post
    Capitalism is economic. Progressivism is ideological. The two are not mutually exclusive. They have worked together since the very start of our country.

    Capitalism is both: it is the best opportunity for a person to rise above their station and it is supposed to be the same and fair for everyone. When it is not, it is not capitalism.
    When it is not it is socialism. The guvmint interfering in a free market.

  12. #12
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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by JuBru View Post
    Capitalism is economic. Progressivism is ideological. The two are not mutually exclusive. They have worked together since the very start of our country.

    Capitalism is both: it is the best opportunity for a person to rise above their station and it is supposed to be the same and fair for everyone. When it is not, it is not capitalism.
    A fair opportunity yes probably so. Then again define "fair" as it's not the same to all. Socialist think fair is for the "better offs" to give their's to the "have nots" making all share alike and same.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by TYLERTECHSAS View Post
    A fair opportunity yes probably so. Then again define "fair" as it's not the same to all. Socialist think fair is for the "better offs" to give their's to the "have nots" making all share alike and same.
    A "fair" opportunity is an "equal" opportunity. In America, everyone HAS equal opportunity to rise above their station in life, but not everyone takes advantage of that opportunity. Where liberals fail in their thinking is that they refuse to admit to themselves that some people in our nation CHOOSE the welfare way of life. That portion of our society will always occupy a low station in life. The Democrat party itself understands this well and, in fact, perpetuates it in order to maintain a base of government dependent voters.

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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by JuBru View Post
    Because human beings typically want everyone to have and be better than our past, just can never figure out the how without trampling on someone else. Some think progressive, some conservative, some socialist, some fascist, some a hodgepodge of everything. Thus far in human history, it has generally been some form or aspects of progressivism that has made life better.
    You must be kidding, tell that to Venezuela, Cuba and countless others.

  15. #15
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    Re: California Dems Propose Amendment to Seize Half of Businesses' Tax Reform Savings

    Quote Originally Posted by brtransplant View Post
    A "fair" opportunity is an "equal" opportunity. In America, everyone HAS equal opportunity to rise above their station in life, but not everyone takes advantage of that opportunity. Where liberals fail in their thinking is that they refuse to admit to themselves that some people in our nation CHOOSE the welfare way of life. That portion of our society will always occupy a low station in life. The Democrat party itself understands this well and, in fact, perpetuates it in order to maintain a base of government dependent voters.
    Sad but so very true.

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