California News

State Lawmaker Proposes Cutting Tax Breaks For Companies That Help Build Border Wall

Los Angeles Times– On the eve of President Trump’s first visit to California since he took office, a state lawmaker says he wants to deny state tax breaks to companies that contract or subcontract to build the proposed wall along the U.S.-Mexico border.

Assemblyman Phil Ting (D-San Francisco), who wields substantial influence in the creation of state tax policy as Assembly budget committee chairman, has been among the vocal opponents to the border wall, calling it counterproductive to the state’s economic growth and “a symbol of weakness and hate to the world.”

He plans to present his proposal to an Assembly committee on Monday, and the bill is expected in print next week. It would prevent companies that profit from the wall’s construction from receiving some tax credits, such as those given for hiring new employees, buying or using certain manufacturing and research equipment or for promoting alternative energy and advanced transportation.

Categories: California News

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s