They’ve already hurt you, and intend to hurt you more.

You already know California state government has made you poorer. But did you know that the California Legislature has been virtually controlled by Democrats for the last 60 years? And that Democrats control three-quarters of both the State Assembly and State Senate?

This year, your Democrat-controlled state government is destroying small businesses and family livelihoods with their extremely harmful lockdown. And now, they’re coming in for the kill with AB 1253 to directly raise income taxes without a vote of the people.

As a native Californian, I can’t remember anything like this. But the over-confident, thieving Democrat politicians are drunk with power. That’s why they’re daring to massively raise taxes by government fiat, not letting the voters decide, and doing this damage the same year that state government has financially injured Californians, and in an election year too.

AB 1253 would massively raise taxes on the rich, as if California taxes punishing success weren’t already too high. As California Political Review explains:

AB 1253 would add Revenue and Taxation Code Section 17044 to create three new tax rates for amounts of income above specified thresholds. As a tax levy, it would take effect immediately upon the Governor’s signature and chaptering by the Secretary of State. The bill would apply retroactively to tax years beginning on or after January 1, 2020. As a tax increase measure, it would require a 2/3 vote of both houses of the Legislature pursuant to Article XIIIA, Section 3 of the California Constitution.

Specifically, AB 1253 would add a new section to the Revenue and Taxation Code to provide the following three higher tax rates (in addition to the existing ones):

A 1% tax on income above $1 million, but not over $2 million
A 3% tax on income over $2 million, but not over $5 million
A 3.5% tax on income over $5 million

This would make the state with the highest income taxes even more infamous about taking money from the responsible to give to the irresponsible.

Under AB 1253, the most successful earners would see their state income tax rate jump from 13.3% to 16.8%. Making things worse, this tax would be retroactive to January 2020!

Now before you breathe a sigh of relief and think, “I’m glad my taxes won’t go up — this is only a tax on the rich,” think again. Because the power to tax is the power to destroy. Taxing one group always has intended consequences, hurting other people too.

Here are four ways AB 1253’s huge new tax on the rich would hurt everybody:

1. Million-dollar earners will move out of state. We’ve seen this before and we’ll see it again. The wealthy already have the highest mobility in society with the greatest number of options of where to live. Expect to see an exodus of wealthy Californians, even if only to the Nevada side of Lake Tahoe. That means the ruling Democrats will be more likely to raise taxes on lower earners instead. Because water always finds its way to the lowest level, doesn’t it? 
2. In turn, you’ll experience inflation. Million-dollar earners that stay in California are smart enough not to lose money. So, because most of them own businesses, they’ll look for more ways to get more money from their customers. This means higher prices for us all. Ready to suffer more? 
3. It’ll be easier for the ruling Democrats to directly raise taxes on you later. By accepting a huge tax hike on one “class” of Californians, then by reelecting the tax-hikers, we’re telling them we accept regular tax increases as “normal.” This will throw gasoline on the fire for more sales tax hikes, car tax hikes, and income tax hikes creeping into more tax brackets. Remember, to be a good Democrat politician today, you have to think other people’s money is yours. AB 1253 is training them to do that ever so much more so to you and your family. 
4. AB 1253’s huge tax hike hides all the wasteful spending. Not once will the ruling Democrats say publicly there’s any waste to slash. They won’t admit there’s a mountain of waste, fraud, and abuse throughout California state government. Making it easy for them to deceive and hide waste is 60+ years of Democrats controlling the State Legislature, and no independent, out-of-state, Texas-style audit. And this year, in the midst of the destructive lockdown of Gavin Newsom and the Democrats, government workers continue to be paid, and government pensions continue to rise. AB 1253 is the equivalent of a bad employee — who’s been hurting your customers, wasting your resources, and not caring to do his job — coming to you and demanding a raise. Don’t give the ruling Democrats a raise — fire them!

   TAKE ACTION NOW: Please contact your own state assemblymember and state senator, as well as Governor Gavin Newsom. Tell them, “Oppose AB 1253. No new taxes!” Enter your voter registration address here to reveal the websites of your state assemblymember and state senator. Click their links to see the telephone numbers and web contact forms for each. To contact Governor Newsom, click here.

   “The power to tax is the power to destroy.”
   From the words of Daniel Webster and John Marshall in 1819

   This entry was posted on Monday, August 3, 2020 at 10:10 am and is filed under Ballot, California Bills, California Governor, California Legislation, California Legislature, Democrats, Election, Fighting for what's right, Gavin Newsom, SaveCalifornia.com, Taxes, Voters. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.