Skip to comments.Business leader frets over tax increases
Posted on 11/09/2012 4:41:12 PM PST by artichokegrower
Robert Lapsley is a worried man.
For one thing, he warned a group of business leaders in San Francisco Thursday, you'd better start meeting with your tax advisers right away. That's because - if you didn't already know - those tax increases on the wealthy passed by state voters this week are retroactive, meaning some people will be coughing up more taxes on income earned this year.
Add to that the possible end of the federal Bush-era tax cuts, and the elimination or cutting back of other tax breaks and loopholes, and the money starts to seriously add up.
The president of the California Business Roundtable didn't stop there. The state's cap-and-trade program, scheduled to take effect next week, will cost heavy industry as much as $3 billion in its first year of operation, and up to $6 billion a year by 2015 to purchase mandated emission allowances, he says. With the implementation of the Affordable Care Act, he says, health care costs for many businesses are also likely to rise.
(Excerpt) Read more at sfgate.com ...
Cap and trade may just shut us all down.
Come to Ga. to run your business.
An invitation from Indiana for all California businesses:
We just elected a Tea Party backed governor and R supermajority in both houses of state govt.
RTW passed in 2012.
But keep their liberal employees away!
Elections have consequences. (I need a hot key for that phrase). Join many other former CA businesses and come to Texas, but layoff the liberal employees and leave them there. Don’t worry, the Nanny State will take care of them.
Come to Michigan, but leave the damn liberalism at the border.
Next year kali-fornia will pass this:
In the name of the general welfare, to protect the people’s security, to achieve full equality and total stability, it is decreed for the duration of the national emergency that:
Point One. All workers, wage earners and employees of any kind whatsoever shall henceforth be attached to their jobs and shall not leave nor be dismissed nor change employment, under penalty of a term in jail. The penalty shall be determined by the Unification Board, such Board to be appointed by the Bureau of Economic Planning and National Resources. All persons reaching the age of twenty-one shall report to the Unification Board, which shall assign them to where, in its opinion, their services will best serve the interests of the nation.
Point Two. All industrial, commercial, manufacturing and business establishments of any nature whatsoever shall henceforth remain in operation, and the owners of such establishments shall not quit nor leave nor retire, nor close, sell or transfer their business, under pentalty of the nationalization of their establishment and of any and all of their property.
Point Three. All patents and copyrights, pertaining to any devices, inventions, formulas, processes and works of any nature whatsoever, shall be turned over to the nation as a patriotic emergency gift by means of Gift Certificates to be signed voluntarily by the owners of all such patents and copyrights. The Unification Board shall then license the use of such patents and copyrights to all applicants, equally and without discrimination, for the purpose of eliminating monopolistic practices, discarding obsolete products and making the best available to the whole nation. No trademarks, brand names or copyrighted titles shall be used. Every formerly patented product shall be known by a new name and sold by all manufacturers under the same name, such name to be selected by the Unification Board. All private trademarks and brand names are hereby abolished.
Point Four. No new devices, inventions, products, or goods of any nature whatsoever, not now on the market, shall be produced, invented, manufacturerd or sold afer the date of this directive. The Office of Patents and Copyrights is hereby suspended.
Point Five. Every establishment, concern, corporation or person engaged in production of any nature whatsoever shall henceforth produce the same amount of goods per year as it, they or he produced during the Basic Year, no more and no less. The year to be known as the Basic or Yardstick Year is to be the year ending on the date of this directive. Over or under production shall be fined, such fines to be determined by the Unification Barod.
Point Six. Every person of any age, sex, class or income, shall henceforth spend the same amount of money on the purchase of goods per year as he or she spent during the Basic Year, no more and no less. Over or under purchasing shall be fined, such fines to be determined by the Unification Board.
Point Seven. All wages, prices, salaries, dividends, profits, interest rates and forms of income of any nature whatsoever, shall be frozen at their present figures, as of the date of this directive.
Point Eight. All cases arising from and rules not specifically provided for in this directive, shall be settled and determined by the Unification Board, whose decisions will be final.”
I’m thinking Directive 10-289 is scheduled to be implemented during Hillary’s 2nd term.
I read “Atlas Shrugged”. Now I’m living it. Yikes!
Now Im living it
Shut down all private business in America and shut down this “santa clause” (give your money away) government until you bring it down on its knees!
Then and only then will Americans’ wake up to the fact that it is NOT government that creates wealth in this Nation, but, hard working American business owners that do and they are no longer going to put up with being robbed by government to give to the welfare rats for their votes on election day!
Massive business strike will bring this Leviathan to a stand still! The US House does not have the guts to stand up for you business owners, you will need to stand up for your selves!
We are Americans! there is nothing we can't do!!!!
Gay marriage and sluthood was worth it. :)
I want to see all the hollywierdos taxed into sheds.
just leave the state and let them rot
we need more conservatives and business leaders in FL (Suncoast)
There are enough business owners left in California to have an organization like this? LOL.
Do not let liberals into your state...Look at Colorado..the next California..