A billion dollar tax increase - GOP Caucus Leader Nestande provides the key vote for passage
- The GOP leader votes with the Democrats to increase taxes and then resigns his leadership post.
We have been betrayed again by yet another so-called "small government" and "anti-tax" Republican.
The the GOP wonders why they are a minority party. They just don't get it.
By a razor-thin margin, the California Assembly passed legislation today to raise a billion dollars annually for middle-class college scholarships by altering tax law for numerous out--of-state corporations.
The measure, Assembly Bill 1500, passed 54-24, the bare-minimum two-thirds vote needed for tax or fee increases. Democrats supported the measure, as did Republican Caucus Chairman Brian Nestande of Palm Desert and Independent Nathan Fletcher of San Diego reports the Sacramento Bee.
|Tax increasing GOP whore|
Assemblyman Brian Nestande
Leftist Democrat Assembly Speaker John Perez proposed the bill as a companion to his separate legislation, Assembly Bill 1501, which would re-distribute the wealth and spend the billion dollars raised to assist college and university students whose families earn less than $150,000 per year.
AB 1500 would require out-of-state corporations to pay income taxes based on their sales in California. Under a tax deal struck in 2009, such corporations have the option of choosing a tax obligation based on payroll and property in California as well, which can lower their tax debt.
Republican opponents of AB 1500 characterized the measure as a billion dollar-tax increase on corporations at a time when California desperately needs job creation to bolster its economy.
Assemblyman Brian Nestande stepped down as Assembly Republican Caucus chairman today after voting to support controversial legislation to raise taxes on out-of-state corporations.
"Today I am stepping down as Republican Caucus Chair," Nestande said in a prepared statement. "I cast a vote yesterday as the only Republican to level the playing field for California businesses."
Nestande, who as caucus chairman was top lieutenant to Assembly Republican leader Connie Conway, declined to discuss in an interview today whether he was asked by or forced by her to step down.
"I understood the ramifications when I took the vote," he said simply. (sacbee.com)