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California Dems propose surcharge on businesses to fund social programs

gjbankos

Well-Known Member
Jan 16, 2006
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Ah, Kalifornia.

Lawmakers from California have proposed a bill that would compel companies making more than $1 million to turn over half their tax-cut savings to the state in order to fund programs that support low-income and middle-class families.

Assembly members Kevin McCarthy, D-Sacramento, and Phil Ting, D-San Francisco, have proposed an Assembly Constitutional Amendment that would enact a tax surcharge on California companies, in order to help people who have been negatively affected by the GOP’s tax overhaul, the San Francisco Chronicle reported.

http://www.foxnews.com/us/2018/01/2...ge-on-businesses-to-fund-social-programs.html
 
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