{"id":25631,"date":"2018-01-25T06:22:54","date_gmt":"2018-01-25T11:22:54","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=25631"},"modified":"2018-01-25T06:22:54","modified_gmt":"2018-01-25T11:22:54","slug":"kalifornistans-answer-to-tax-cuts-raise-taxes","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=25631","title":{"rendered":"Kalifornistan\u2019s answer to Tax cuts? Raise taxes!"},"content":{"rendered":"

Good day all. With the tax cuts orchestrated by President Trump and the GOP starting to have an effect, the Democrats of Kalifornistan have an answer. Raise taxes of course.<\/p>\n

\"\"<\/a><\/p>\n

<\/p>\n

The Trump tax cuts dropped the corporate rate from some 35% to 21%. This has led to a number of things not predicted by the Democrats. First were pay raises and bonuses for employees. Next, companies that had been parking money offshore due to the extortionate tax rates in the United States, began planning to bring all that cash home and invest it in American.<\/p>\n

\"\"<\/a><\/p>\n

This flies in the face of the predictions of the Democrats of course. They said \u201cPeople will die!\u201d and that the bonuses and pay increases were \u201cBreadcrumbs.\u201d One group that isn\u2019t benefiting from the tax cuts are the Democrats natural constituencies, super rich liberals in deep blue states such as Kalifornistan. Well, Kalifornistan has come up with the perfect solution to losing all their deductions for their rich patrons. They are going to raise taxes! Here are the details from SFGate<\/b><\/a>:<\/p>\n

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.<\/b><\/p>\n

<\/p>\n

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families. <\/b><\/p>\n

\"\"<\/a><\/p>\n

\u201cTrump\u2019s tax reform plan was nothing more than a middle-class tax increase,\u201d Ting said in a statement. \u201cIt is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.\u201d<\/b><\/p>\n

\"\"<\/a><\/p>\n

As a constitutional amendment, the bill would require approval from two-thirds of the Legislature to pass, a difficult hurdle now that Democrats have lost their supermajority. If passed and signed by Gov. Jerry Brown, it would then go to voters for final approval. <\/b><\/p>\n

Somehow, I don\u2019t think even the drug addled nitwits of Kalifornistan would be stupid enough to approve this measure. If they actually did and it went into effect, the next thing that would happen would be even more companies closing their doors and either going out of business, or getting out of the state. However, you never know. They just might be that stupid.<\/p>\n

\"\"<\/a><\/p>\n

California Democrats have been exploring ways to help those in the state who could end up paying higher federal taxes next year under the Republican tax overhaul. <\/b><\/p>\n

And do you know who those people are? Why it\u2019s rich liberals with all those McMansions. They stand to lose their tax deductions for their property tax, their income tax and their mortgage deductions. That means they will have less money available to bribe<\/i><\/span> donate to Progressive Democrat politicians. That simply will not do!<\/p>\n

State Senate President Pro Tem Kevin de Le\u00f3n <\/b>introduced legislation <\/b><\/a>this month that would allow Californians to get around the state and local tax cap with a voluntary donation to a charitable fund created by the state of any amount of owed taxes above $10,000. That donation \u2014 in lieu of taxes \u2014 would allow donors to write off the gifts on their federal tax returns. <\/b><\/p>\n

Yeah, there\u2019s a few problems with that. First, a donation is a choice. It isn\u2019t a requirement. If this were to become law, do you think anyone will send in voluntary donations? Does the phrase, \u201cAre you effing Kidding Me?\u201d sound familiar? If they make it a mandatory donation, well guess what? It\u2019s not charity, it\u2019s mandated tax or fee. Then it\u2019s up to the IRS whether or not it\u2019s actually tax deductible. Care to guess how they will see it? I hope they are as stupid as I think they are and actually make this into law. Then it will be time to buy stock in moving companies.<\/p>\n

\"\"<\/a><\/p>\n

The Democrats see people\u2019s money as actually belonging to them. You\u2019re just allowed to hold it for a while. When the Democrats demand it, you must hand it over. They might be persuaded to let you keep a small pittance for yourself. Naah, they\u2019re going to want that too. After all, in the minds of the Liberal Progressive Democrat, all your money belongs to them.<\/p>\n

Thatisall<\/p>\n

~The Angry Webmaster~<\/b><\/i><\/p>\n

[yasr_visitor_votes size=”large”]<\/p>\n","protected":false},"excerpt":{"rendered":"

Good day all. With the tax cuts orchestrated by President Trump and the GOP starting to have an effect, the Democrats of Kalifornistan have an answer. Raise taxes of course.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[176,141,100,71,8,315,115,219],"tags":[11,303,12,222,15,377,90,8,21,110,24,34,64],"class_list":["post-25631","post","type-post","status-publish","format-standard","hentry","category-economy","category-jobs","category-moonbat","category-news-of-the-day","category-politics","category-precious-snowflakes","category-stupidity-crime","category-the-good-idea-fairy","tag-america","tag-donald-trump","tag-freedom","tag-good-idea-fairy","tag-incompetence","tag-maga","tag-moonbattery","tag-politics","tag-scams","tag-scoamf","tag-socialism","tag-stupidity","tag-taxes"],"views":576,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":32463,"url":"https:\/\/angry.net\/blog2\/?p=32463","url_meta":{"origin":25631,"position":0},"title":"Heels Up Harris announces massive middle class tax hike","author":"Angry Webmaster","date":"November 2, 2020","format":false,"excerpt":"Good day all. One of the things that help cause the massive economic expansion of the last 3 years, (Before the idiotic Panicdemic, economy killing lockdown), was the tax cuts pushed through by President Trump. These cuts put real money into the pockets of working, middle class Americans. Now, Heels\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/97\/ae\/4d\/97ae4de5c35d6b7fbff698d8c2d1e0ba.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":25879,"url":"https:\/\/angry.net\/blog2\/?p=25879","url_meta":{"origin":25631,"position":1},"title":"The Democrats release their cunning Tax plans","author":"Angry Webmaster","date":"March 11, 2018","format":false,"excerpt":"Good day all. The mid-term silly season is upon us and the Progressive Liberal Democrats are working overtime to completely destroy their electoral chances in 2018. 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