You know all of those jobs created by Trump’s tax cuts? Apple, Southwest, Walmart, etc.? Funny what happens when you make it cheaper for business to do business. Well, if two California Democrats have their way, kiss the jobs goodbye. They apparently aren’t done treating businesses like Harvey Weinstein treated starry-eyed actresses. They’ll need a bigger umbrella.
Trump cut business taxes? So these Democrats will RAISE business taxes.
Assemblymen Kevin McCarty of Sacramento and Phil Ting of San Francisco introduced Assembly Constitutional Amendment 22 Thursday that would raise corporate taxes on California companies with revenues higher than $1 million. The state tax hike would be for an amount equivalent to half what they received from the federal tax cut.
“I’ve seen enough billionaire justice in the first 11 months of this presidency to last my lifetime,” McCarty said in a statement. “At a time when reckless federal tax policy favors billionaires over middle-class workers, ACA 22 will help ensure that California can continue to grow and support middle-class families throughout the state.”
“Grow and support middle-class workers.” By giving them fewer unemployment opportunities. And more expensive goods and services. On top of an already abusive state tax system. California is a dominatrix: obey her or it gets a beating. Like it or be labeled a racist. Always giving residents a reason to move to a state where local officials aren’t big stupid idiots who don’t know how to math. Where they’ll be free of the crop’s reach.
Only in California.
Here’s a theory: Democrats can’t have tax cuts be a success. If people get used to having more of their own money, then witness how the world doesn’t fold in on itself like a flourless cake, people may start doing a little math of their own. Math like “Huh, having more of my money is nice. And look it, companies have more of their own money, which has turned into more job opportunities for me and everyone I know… What if…”
If people start demanding the government get out of their way, becoming more independent, the government has to shrink. Don’t think they’ll go silently into the night.