Home » Posts tagged with » California’s Democrat-controlled Legislature

California Legislature Moving to Double Corporate Tax Rate

California Legislature Moving to Double Corporate Tax Rate

by CHRISS W. STREET California’s Democrat-controlled Legislature is moving forward with putting a constitutional amendment on the June ballot to double the corporate tax rate. Assemblymen Kevin McCarty [D-Sacramento] and Phil Ting [D-San Francisco] announced on Jan. 18 that they will sponsor a constitutional amendment to add a 7 percent corporate tax surcharge for any profit […]