[beltfed308]

It also would bar oil companies from raising gas prices to cover the cost of the tax.

In reality this is called a fine. How communist but for Kali just another day.

[econjack]

Oh, great. This proposal is going to make other businesses rush to do business in CA. This is like when Gov. Celeste in Ohio passed an "exit tax" equal to 6 months payroll on any company that closed their doors to relocate to less expensive (read lower-taxed) states. Within weeks, the good governor was scratching his head asking: "Gee...we don't seem to have any new businesses forming here in Ohio now. Wonder why?" Fortunately, the "duh factor" hit enough state legislators that they repealed the bill in less than a year.

Hey, CA....you listening?