QUESTION ASKED AND ANSWERED:
Shot: Why do Californians pay more state and local taxes than Texans?
—The San Jose Mercury, this past Sunday.
Chaser:
A pair of California lawmakers want to claw back some of steep tax cuts that corporations will receive under the federal tax overhaul signed last month by President Donald Trump.
Democratic Assemblymen Kevin McCarty of Sacramento and Phil Ting of San Francisco announced Thursday that they will pursue a constitutional amendment to add a surcharge on large companies that do business in California, potentially raising billions of dollars to expand social services for Californians.*
“We’ve seen enough billionaire justice from the presidency,” McCarty said in an interview. “It’s time for middle class tax justice.”
—“‘Time for middle class tax justice’: California corporate tax bill offsets Trump cuts,” the Sacramento Bee, Thursday.