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.
Assembly Constitutional Amendment 22, which was introduced by California Assemblyman Kevin McCarty and Phil Ting, calls for a 10% surcharge on companies with a net earning over $1 million.
“New California” founder Paul Preston on Monday said California will go bankrupt if the tax measure is passed.
“Well we basically go bankrupt, continue on the path of financial tyranny, that we’re on right now. We’ll lose millions of jobs, which is apparently what this government in California wants to see happen,” he told FOX Business’ David Asman on “After the Bell.”
According to the San Francisco Chronicle, the bill may have difficulty passing because it would require two-thirds of the Legislature to go through. – READ MORE
[give_form id=”79809″] [divider][/divider]“California — not Mississippi, New Mexico, or West Virginia — has the highest poverty rate in the United States,” the Los Angeles Times notes in a Jan. 14 piece by Kerry Jackson.
“According to the Census Bureau’s Supplemental Poverty Measure –which accounts for the cost of housing, food, utilities, and clothing, and which includes noncash government assistance as a form of income — nearly one out of four Californians is poor.”
So, why are Californians so poor? After all, job and GDP growth is good, although most of that is based around the tech sector. Part of it, Jackson argues, is that “state and local bureaucracies that implement California’s antipoverty programs … resisted pro-work reforms” that began in the 1990s to get people off of welfare.
“It’s not as if California policymakers have neglected to wage war on poverty, Sacramento and local governments have spent massive amounts in the cause, for decades now. Myriad state and municipal benefit programs overlap with one another; in some cases, individuals with incomes 200 percent above the poverty line receive benefits, according to the California Policy Center,” Jackson writes.
“Unfortunately, California, with 12 percent of the American population, is home today to roughly one in three of the nation’s welfare recipients. The generous spending, then, has not only failed to decrease poverty; it actually seems to have made it worse,” Jackson continued. – READ MORE
[give_form id=”79809″] [divider][/divider]Democrats fear the Trump administration’s re-reinstatement of citizenship questions on the 2020 U.S. Census will cost California a Congressional seat and billions in funding.
The number of U.S. House of Representative seats was fixed by law in 1911 at 435. The “enumeration” requires at that each state have at least one Representative, and the other Representatives are allocated according to population as determined by the U.S. Census every ten years. Based on the 2010 Census data, California received the most, at 53.
But Politico reports that could change with the Department of Justice sending a letter on December 12 to the Census Bureau asking that the citizenship question eliminated in 2010 during the Obama administration be reinstated for the 2020 Census.
According to the Justice Department’s General Counsel, Arthur E. Gary, “This data is critical to the Department’s enforcement of Section 2 of the Voting Rights Act and its important protections against racial discrimination in voting.” He added, “To fully enforce those requirements, the Department needs a reliable calculation of the citizen voting-age population in localities where voting rights violations are alleged or suspected.”
The Obama administration discontinued the 1970-2000 “long form” questionnaire that asked citizenship questions. Democrats claim that it was appropriately replaced by the American Community Survey (ACS). But the Justice Department stresses that ACS is a “samples survey that is sent to only around one in every thirty-eight households each year.” – READ MORE
[contentcards url=”http://www.foxbusiness.com/politics/2018/01/22/california-will-go-bankrupt-from-new-tax-proposal-new-california-founder.html” target=”_blank”]