Monday, April 8, 2019

Tax, tax, tax in California under Democrats, Sacramento wants to tax soda, tires, guns, water, pain pills, lawyers, car batteries...



....Not all taxes are evil. Some are justified. But many are unwarranted. And others are eye-rollers.

One of the more controversial and annoying taxes currently being proposed is a state levy on sugary soft drinks. More on that later.

Here’s an eye-roller: A bill that would authorize San Francisco to turn its crooked Lombard Street — a tourist attraction after so many movie appearances — into a toll road, maybe even requiring reservations. Think they have a traffic jam now on weekends? Wait until cars are lined up behind a tollgate.

There are a whole bunch of taxing ideas in the Capitol: on new tires, firearms, water, prescription painkillers, lawyers, car batteries, corporations based on their CEO pay, estates worth more than $3.5 million, oil and gas extraction. The list goes on.

The oil and gas extraction tax is long overdue. We’re the only major oil-producing state without one. It would raise an estimated $1.5 billion a year.

The California Tax Foundation has counted more than $6.2 billion worth of tax increase proposals pending in the Legislature. It expects the figure to grow substantially as bills are amended with details.....