California Democrats Want Companies to Give State Half Their Tax Cut Savings

California’s appetite for tax dollars is insatiable, leaving companies and individuals alike in the state to bear the burden of the highest state taxes in the country. Now, lawmakers in California want even more.

Following the passage of tax reform, two California lawmakers have crafted a bill that will require companies in California making over $1 million a year to turn over half of the money they save from the new tax cuts. Keep in mind that the new tax code does not at all affect how much money California takes in state taxes – the California state taxes are just as high as they’ve always been. Nevertheless, Californian lawmakers have seen the opportunity to squeeze even more out of companies in the Golden State, and they are pouncing on it.

Perhaps they see this as the chance to fight back against Trump and effectively nullify half of the savings he is delivering to California companies. Or perhaps it’s simply another chance to push the state ever closer to a socialist dystopia. Either way, if driving companies and individuals alike out of the state is the goal of California lawmakers then they are succeeding at the highest level.

To learn more about this ridiculous bill and what it might mean for companies in California, be sure to check out the video below.


Most Popular

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More



Most Popular
Sponsored Content

These content links are provided by Content.ad. Both Content.ad and the web site upon which the links are displayed may receive compensation when readers click on these links. Some of the content you are redirected to may be sponsored content. View our privacy policy here.

To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

Website owners select the type of content that appears in our units. However, if you would like to ensure that Content.ad always displays family-friendly content on this device, regardless of what site you are on, check the option below. Learn More