CA Sen DeSaulnier intent on driving businesses out of California
Original post made by jimf01 on Apr 24, 2014
But he wants to leave his mark on California with a new proposal to tie the income tax rate of a corporation in this state to the ratio of pay of a company's CEO compared to its median worker. Web Link
Corporate taxes would increase on companies that pay CEOs 100-400 times more than workers.
Currently California taxes corporate income at a top rate of 8.84 percent, the 10th highest rate in the country. If enacted, this proposal would raise the top corporate rate to 13 percent, which would be the highest in the country.
If it isn't enough that California has the highest rates in the US for state individual income taxes, sales taxes, and gasoline taxes, Sen Desaulnier wants to add corporate taxes to that list. And simultaneously drive businesses out of the state.
on Apr 24, 2014 at 9:06 pm
He's just parroting the same mindless socialist drivel the amateur in chief espouses. He wants 'income equality' regardless of background, value to the company, or experience. Gone are the days when highly talented people could achieve a high level of success. The envy of less motivated individuals seems to win out these days, as ignorant liberals control the media message that claims that all highly comped employees must be brought down to the level of the least capable employees. Pathetic, what has become of our country. Do these dems have no pride?
on Apr 25, 2014 at 9:44 am
jimf01 is a registered user.
As if the Sacramento corruptocrats really needed to generate more revenue. Outside of the fact they WASTE much of the money we already send to them, the state legislative analyst predicts that cap-and-trade will raise between $12 billion and $45 billion in toto by 2020.
The one-two punch of the state's low-carbon fuel standard plus next year when the cap (as in cap-and-trade) is applied to fuel suppliers.
And who is going to pay all this money to the state? Rich people? Not so much. You and me. The Boston Consulting Group in 2012 figured that the "one-two punch" will slap an extra $0.49 to $1.83 per gallon onto the price of gas by 2020.
If you like $4 a gallon for gas, you will LOVE $5.00 a gallon
on Apr 25, 2014 at 11:53 am
I propose that we heavily tax retired public employees who have a pension that pays over $75,000 and public employees that retire with full benefits before the Social Security Retirement age. The tax received from this can go towards schools/teachers.
How about a higher tax for elected officials who make more than the median income of the district they serve?