Swordsmyth
01-19-2018, 02:53 AM
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.
More at: http://www.sfgate.com/bayarea/article/California-democrats-want-businesses-to-give-half-12508742.php
More at: http://www.sfgate.com/bayarea/article/California-democrats-want-businesses-to-give-half-12508742.php