Skip to comments.
California Budget eliminates tax break for manufacturers
The San Francisco Chronicle ^
| Wednesday, July 30, 2003
| GARY GENTILE, AP Business Writer
Posted on 07/31/2003 1:00:57 PM PDT by Willie Green
Edited on 04/13/2004 2:43:07 AM PDT by Jim Robinson.
[history]
The elimination of a tax credit for manufacturers in the new state budget removes one more incentive for business to remain in California, according to companies and trade groups that had wanted the credit extended.
The manufacturers' investment tax credit, first established in 1993, allows qualified companies to deduct as much as 6 percent of the cost of buying new equipment or upgrading existing facilities from their taxes. It is set to expire in January.
(Excerpt) Read more at sfgate.com ...
TOPICS: Business/Economy; Culture/Society; Government; US: California
KEYWORDS: calgov2002; manufacturing
Navigation: use the links below to view more comments.
first 1-20, 21-25 next last
To: Ernest_at_the_Beach
ping
2
posted on
07/31/2003 1:01:20 PM PDT
by
Willie Green
(Go Pat Go!!!)
To: Willie Green
No tax break for manufacturers?
There goes any incentive for a company to stay in California and continue funding their socialist spending policies.
3
posted on
07/31/2003 1:02:40 PM PDT
by
Chewbacca
(No State shall make anything but gold and silver COIN a payment of debt. - Article 1, Section 10)
To: Willie Green
You can say one thing about our politicians: they charge their credit card again and then proceed to kill the goose that lays the financial eggs that would let pay off their charge account and they congratulate themselves on their own stupidity.
4
posted on
07/31/2003 1:03:16 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: Willie Green
Someone has to pay for the facelifts for tens of thousands of homosexual illegal Mexican whatevers...
5
posted on
07/31/2003 1:03:23 PM PDT
by
warchild9
To: Willie Green
This makes great sense...manufacturers are such a drain on any state's economy. Need to run those guys off. That should solve the state's budget problems...
To: Onelifetogive
Just tax their overseas investments and all will be dandy...
7
posted on
07/31/2003 1:04:14 PM PDT
by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: goldstategop
We would like to take California for not eliminating the tax credit as we feel that companies should pay their fair share towards the well-being of the public at large.
Signed
New Mexico and Arizona Chambers of Commerce/Business welcoming organization.
8
posted on
07/31/2003 1:07:47 PM PDT
by
Pikamax
To: Willie Green
Idiots! I'm surrounded by idiots!
9
posted on
07/31/2003 1:18:54 PM PDT
by
A Navy Vet
(Government is the problem, not the solution.)
To: Willie Green
Of course, the resulting business closures and job losses will be blamed on the Bush Administration, no doubt...
10
posted on
07/31/2003 1:21:22 PM PDT
by
Jay D. Dyson
(Leftists are like any other lower life form...they devour their own when it suits their purpose.)
To: Willie Green
My brother and his partner moved their multi-million dollar business out of California in the 1980s. The state's anti-business stance is only being continued by Graying Davis, not initiated.
Muleteam1
11
posted on
07/31/2003 1:34:35 PM PDT
by
Muleteam1
(elves.)
To: Willie Green; *calgov2002; PeoplesRep_of_LA; Canticle_of_Deborah; NormsRevenge; snopercod; ...
Thanks for the ping!
calgov2002:
12
posted on
07/31/2003 1:35:00 PM PDT
by
Ernest_at_the_Beach
(All we need from a Governor is a VETO PEN!!!)
To: Chewbacca
What business will be sane enough to remain in the Golden State? The only business that'll be left in CA is the porn industry.
To: Willie Green
They just keep banging the nails into the coffin, don't they?
14
posted on
07/31/2003 1:39:55 PM PDT
by
Vesuvian
To: Willie Green
At this point Gray Davis is either purposefully trying to destroy California or he has gone insane. There is no way he can think this move is good for the state.
To: Willie Green
As usual the "Two-Party Cartel" had some of its so-called conservatives bite the bullet & go, as ALWAYS, with the liberal alternative of spend spend spend. I would like to see a recall of everyone who voted this in. It's so clear that no way will this ever change because no way will voters kick this cartel out & vote other parties in. EVERY single time the SAME results & every election you show you approval by keeping them in office.
16
posted on
07/31/2003 1:47:13 PM PDT
by
Digger
To: Willie Green
Great post as always, Willie.
17
posted on
07/31/2003 1:48:34 PM PDT
by
ServesURight
(FReecerely Yours,)
To: Ernest_at_the_Beach
18
posted on
07/31/2003 2:18:48 PM PDT
by
kellynla
("C" 1/5 1st Mar Div Viet Nam '69 & '70 Semper Fi)
To: kellynla
I actually heard Tom McClintock's name mentioned on cable news today. So far, he has been an "unperson" according to the elite media. Things are looking up.
To: snopercod
20
posted on
07/31/2003 2:47:05 PM PDT
by
kellynla
("C" 1/5 1st Mar Div Viet Nam '69 & '70 Semper Fi)
Navigation: use the links below to view more comments.
first 1-20, 21-25 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson