California politicians eye huge hike in corporate taxes in response to federal tax reform
January 21, 2018
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Just before Christmas, President Donald Trump signed the Tax Cuts and Jobs Act that has set America's economy on a trajectory to prosperity and put wealth back in the hands of its citizens.
The new rules also substantially reduced the country's corporate tax rate to 21 percent, down from a fairly hefty 35 percent. Now, a pair of California Grinches are offering a bill that would ultimately divert some of the federal savings back into Sacramento coffers.