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Corporate tax cuts blocked 15,000 new affordable housing units


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2019 Jul 16, 2:50pm   1,244 views  2 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

https://www.sacbee.com/news/politics-government/capitol-alert/article232592837.html

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1   HeadSet   2019 Jul 16, 2:55pm  

But when the Republican tax cuts lowered the corporate tax rate from 35 to 21 percent, it had the unintended effect of lowering the potential benefits of the tax credits.

So? All California ha to do is raise the State tax rate, then give a State tax credit for investing in low income housing.
Pass a law fining the employers of illegals and watch lots of affordable housing open up.
2   rocketjoe79   2019 Jul 18, 3:37pm  

HeadSet says
But when the Republican tax cuts lowered the corporate tax rate from 35 to 21 percent, it had the unintended effect of lowering the potential benefits of the tax credits.

So? All California ha to do is raise the State tax rate, then give a State tax credit for investing in low income housing.
Pass a law fining the employers of illegals and watch lots of affordable housing open up.


Wait - there ISN'T a law to fine Employers of illegals? Oh, wait, I forgot I live in the Socialist Republic of Commiefornia. #facepalm

Love this state and this country. I just hate the government, and most people living in large cities. Oh, and just about every college too. /sigh

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