{"id":17072,"date":"2017-11-02T15:37:35","date_gmt":"2017-11-02T22:37:35","guid":{"rendered":"http:\/\/calitics.com\/?p=17072"},"modified":"2017-11-02T16:04:36","modified_gmt":"2017-11-02T23:04:36","slug":"californias-leaders-on-trumpgop-tax-joke","status":"publish","type":"post","link":"https:\/\/calitics.com\/index.php\/2017\/11\/02\/californias-leaders-on-trumpgop-tax-joke\/","title":{"rendered":"California&#8217;s Leaders on Trump\/GOP Tax Joke"},"content":{"rendered":"<p>Some California Leaders had some thoughts.<\/p>\n<p>Sen. Harris:<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Repealing the estate tax is a giveaway to those at the top \u2014 not something that will create jobs. We have to oppose this plan.<\/p>\n<p>&mdash; Kamala Harris (@KamalaHarris) <a href=\"https:\/\/twitter.com\/KamalaHarris\/status\/926172115895767040?ref_src=twsrc%5Etfw\">November 2, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><a href=\"https:\/\/www.feinstein.senate.gov\/public\/index.cfm\/press-releases?id=D4FC9CBF-0C1E-46B5-8E69-580FB20E051C\">Senator Feinstein<\/a>:<\/p>\n<blockquote><p>\u201cIt\u2019s unbelievable the lengths that Republicans will go to give the richest Americans a huge tax cut. The Republican tax bill will likely increase the deficit by $1.5 trillion and slash key deductions and credits for working families in order to give the richest Americans and large companies a tax cut.<\/p>\n<p>\u201cI\u2019m particularly concerned about limitations on essential tax provisions that benefit working families and the middle class. This bill would harm families and is a non-starter for me, and I\u2019ll fight to defeat it in the Senate.\u201d<\/p>\n<p><strong>Mortgage Interest Deduction<\/strong><\/p>\n<p>The Republican bill caps the mortgage interest deduction for new home purchases at $500,000. All told, 18 counties in California have median home prices above $500,000 including Alameda, Contra Costa, Los Angeles, Marin, Mono, Monterey, Napa, Orange, San Benito, San Diego, San Francisco, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Sonoma and Ventura.<\/p>\n<p>\u201cOwning a home is an essential part of the American dream. Capping the mortgage interest deduction could create a huge barrier to homeownership and depress existing home values across the country.\u201d<\/p>\n<p><strong>Sales and Income Tax Deductions<\/strong><\/p>\n<p>The Republican bill eliminates the deduction for state and local income taxes. In California, 5 million households claimed the income tax deduction in 2015.<\/p>\n<p>\u201cEnding this important deduction for the middle-class would mean income could be taxed twice and could lead to the reduction in critical state and local services. Republicans should scrap this one-sided effort and work with Democrats to pass true tax reform that ensures working families aren\u2019t hurt and everyone pays their fair share.\u201d<\/p><\/blockquote>\n<p>Minority Leader Pelosi did a <a href=\"https:\/\/www.facebook.com\/NancyPelosi\/videos\/10156122765139384\/\">Facebook live event<\/a>. In a previous event, she<a href=\"https:\/\/www.usnews.com\/news\/national-news\/articles\/2017-11-02\/house-democrats-turn-up-heat-on-california-gopers-over-tax-reform-bill\"> had this to say<\/a> of her 14 Republican California colleauges: <\/p>\n<blockquote><p>\n&#8220;We would hope that our colleagues would use their numbers \u2013 14 \u2013 to influence the Republican leadership to take this out of the bill \u2013 and a bill that&#8217;s a disaster in so many other respects as well,&#8221; Pelosi said. &#8220;But short of that, we indict them for causing great harm to their constituents, financially, community-wise and to our great state.&#8221;<\/p>\n<p>&#8220;Are they so weak that 14 of them could not weigh in and say, &#8216;This is not right for the future of our country&#8217;?&#8221; she said. &#8220;Have they no power? Have they no influence with the Republicans?&#8221;<\/p><\/blockquote>\n<p>House Majority Leader Kevin McCarthy, who apparently forgot to add the caveat, &#8220;except for Californians.&#8221; He has a <a href=\"https:\/\/twitter.com\/GOPLeader\/status\/926162049083826176\">twitter video here<\/a>. <\/p>\n<p>&#8220;Every single American is going to keep more of what they earned.&#8221;<\/p>\n<p>Speaker Rendon:<\/p>\n<blockquote><p>\u201cThe dangerous Trump-Ryan-McConnell tax plan throws California taxpayers under the limousine. Under the rushed-together Republican tax plan, hardworking Californians could pay up to 22% more to subsidize tax breaks for billionaires and big corporations. Cutting the mortgage deduction in half hurts homebuyers and the housing industry. Proposition 13 lowered California property taxes, but the Republican tax plan effectively raises the property tax for many California homeowners. Adding insult to injury, the Republican tax plan makes Californians pay taxes on taxes we already pay. Whether it is students with loan debt or builders trying to create affordable housing, millions of Californians will be harmed by the Republican tax plan. No member of Congress from California can support this plan and look their constituents in the eye.\u201d<\/p><\/blockquote>\n<p><img decoding=\"async\" data-attachment-id=\"17074\" data-permalink=\"https:\/\/calitics.com\/index.php\/2017\/11\/02\/californias-leaders-on-trumpgop-tax-joke\/screen-shot-2017-11-02-at-3-36-30-pm\/\" data-orig-file=\"https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM.png\" data-orig-size=\"816,500\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Paul Ryan\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM-640x392.png\" data-large-file=\"https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM.png\" src=\"https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM-640x392.png\" alt=\"\" width=\"250\" align=right class=\"alignright size-medium wp-image-17074\" srcset=\"https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM-640x392.png 640w, https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM-768x471.png 768w, https:\/\/calitics.com\/wp-content\/uploads\/2017\/11\/Screen-Shot-2017-11-02-at-3.36.30-PM.png 816w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>Rep. Mark Takano on Speaker Ryan&#8217;s plan &#8211; (D-Riverside)<\/p>\n<blockquote><p>\u201cThe House Republican tax plan is a massive transfer of wealth from Californians and middle-class families to wealthy individuals and large corporations. Limiting deductions for state and local taxes, capping the mortgage interest deduction, and eliminating the student-loan-interest and medical-expense deductions are all policies that are specifically designed to hit Californians, who already contribute more to the federal government than they receive.<\/p>\n<p>\u201cThe winners in this plan are the small percentage of people who already possess the largest share of our country\u2019s wealth. Repealing the estate tax benefits only those with greater than $5.6 million in assets. Repealing the alternative minimum tax would allow wealthy individuals to avoid paying their fair share, including President Trump, who would save millions of dollars if this provision is passed into law. And permanently cutting the corporate tax rate to 20% from the current 35% would only benefit the corporations that are already enjoying record profits.<\/p>\n<p>\u201cShifting money from middle-class Californians to the wealthiest individuals and corporations in America is bad policy in any environment. But given the severe inequality in our country and the struggle many working families face every day, this plan is simply indefensible.<\/p>\n<p>\u201cI strongly oppose this legislation and don\u2019t see how any California Republican could support it.\u201d<\/p><\/blockquote>\n<p>DNC Spokesperson Vedant Patel ahead of a Mnuchin visit to Corona to shill for this joke:<\/p>\n<blockquote><p>\u201cDespite widespread agreement that the Trump-Republican tax plan would actually raise taxes on many middle class families, Donald Trump\u2019s loyal puppet Secretary Mnuchin is jetting off to California to pitch his boss\u2019s damaging proposal. As one of the many multimillionaires in Trump\u2019s Cabinet, Secretary Mnuchin stands to profit immensely and can\u2019t \u2013 or won\u2019t \u2013 comprehend the catastrophic consequences for California\u2019s working families if this tax plan becomes law. While Secretary Mnuchin tries to sell this sham tax bill, we hope that he avoids using any chartered flights that could cost the American taxpayers more in addition to what this disastrous tax plan will.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Some California Leaders had some thoughts. Sen. Harris: Repealing the estate tax is a giveaway to those at the top \u2014 not something that will create jobs. We have to oppose this plan. &mdash; Kamala Harris (@KamalaHarris) November 2, 2017 Senator Feinstein: \u201cIt\u2019s unbelievable the lengths that Republicans will go to give the richest Americans &hellip; <a href=\"https:\/\/calitics.com\/index.php\/2017\/11\/02\/californias-leaders-on-trumpgop-tax-joke\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">California&#8217;s Leaders on Trump\/GOP Tax Joke<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-17072","post","type-post","status-publish","format-standard","hentry","category-1"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-4rm","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/17072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/comments?post=17072"}],"version-history":[{"count":4,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/17072\/revisions"}],"predecessor-version":[{"id":17078,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/17072\/revisions\/17078"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=17072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=17072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=17072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}