Wednesday, January 24, 2018

"California will go bankrupt from new state tax proposal"

Two California lawmakers pushed back against President Donald Trump’s tax reform plan, calling it a “middle-class tax increase,” and introduced a new bill that would force large companies to give up half of its savings to the state.

...“We’ve been losing jobs and bleeding jobs for the last 15 to 18 to 20 years. Now we’re sort of at the bottom of the barrel so to speak, we have so much poverty out there, it’s not even funny. Homeless people all over the place. It’s going to be devastating to business,” he said.

Preston said the reason Democrats in California are pushing for this tax bill, is because they are desperate for cash.

“It also shows you how desperate Jerry Brown and the rest of the mono-party here in California [are]. They’re desperate right now, they are very desperate for cash,” he said....