Friday, May 20, 2022

Leftist Run State Wants Massive Tax Increase to Fund New Social Program, Give Free Health Care to Every Illegal Who Wants It

Must Read

Ukraine morale is ‘huge’ boost in war with Russia, NATO military chiefs say

NEWYou can now listen to Fox News articles! Morale among soldiers in Ukraine has taken center stage as...

Liberal Dark Money Group Bankrolled by Foreign Billionaire Gave Millions to Stacey Abrams’ Voting Nonprofit

A liberal dark money group bankrolled by a foreign billionaire gave millions of dollars to failed gubernatorial candidate Stacey...

Bush shoots himself in the head, exposing himself as guilty of what he’s accusing Putin for – Veterans Today

George W. Bush called Iraq war ‘unjustified and brutal.’ He meant Ukraine. …from the Washington Post Jim's Editor’s Notes are solely...

California politicians are bound and determined to completely destroy the once golden state.

Democrats in the state legislature are pushing an amendment to the state’s constitution that would effectively double taxes in order to fund universal health care for all residents including illegal aliens.

Via The Daily Wire:

A new constitutional amendment in California would cause taxes to soar in order to establish a universal, single-payer healthcare system.

According to an analysis from the Tax Foundation, Assembly Constitutional Amendment 11 (ACA 11) — which requires two-thirds of both houses of the state legislature for approval — would introduce “surtaxes atop the current individual income tax structure beginning at $149,509 in income,” a “graduated-rate payroll tax system with the top rate kicking in for employees with more than $49,990 in annual income” and a “gross receipts tax of 2.3 percent, excluding the first $2 million of business income.” ACA 11 would go to the voters for final approval if passed by two-thirds of the Legislature.

The net effect would be to “increase taxes by $12,250 per household, roughly doubling the state’s already high tax collections.” The top marginal rate for wages would rise to 18.05% — significantly higher than the nation’s median top marginal tax rate of 5.3%.

The Tax Foundation says that “the new tax package is intended to raise an additional $163 billion per year, which is more than California raised in total tax revenue any year prior to the pandemic.”

According to the text of ACA 11, the single-payer healthcare system would benefit “every resident of the state” — yet further authorize the legislature “upon an economic analysis determining insufficient amounts to fund these purposes, to increase any or all of these tax rates by a statute passed by majority vote.”

California’s new tax proposal occurs as residents continue to flee the state. Indeed, a new report showed that more than 600,000 people have left New York and California for lower-taxed states with less restrictive COVID-19 policies.

What’s sad is this is exactly what Democrats around the country want for the rest of us.

More taxes so illegal aliens and other indigents can get free health care.

This must be resisted but given that this proposed doubling of taxes is happening in California my guess is it will pass easily.

Poor people and illegals with no money will most likely vote to steal from those who do so they can get the promised free stuff.

read more