Assemblyman Torrico says he's willing to kill 9,000 jobs to pass a tax hike.

[yoyo9131]

Its over 9000!!!!!!!!!

[TheLunaParty]

Oil pollutes our planet. We have been in the Republicans Gulf Oil wars for decades. Tax oil to fund alternative fuel sources, transportation infrastructure and education. We need to stop funding oil wars, and reduce our carbon imisions.

[russiablows88]

Torrico-

I propose taxing your childrens jobs, so they get fired. Not so great of an idea now, is it?

[gandhisan07]

And if that doesn't convince you, here is a provision from the bill itself:

"The tax imposed by this part shall not be passed through to consumers by way of higher prices for oil, natural gas, gasoline,

diesel, or other oil or gas consumable byproducts, such as propane and heating oil."

Is that enough evidence for you?

[gandhisan07]

Please stop lying about this severance tax raising gas prices. If you knew anything about the economics of oil, then you would know that a severance tax cannot raise gas prices because gas prices are decided by the worldwide market. Most of California's oil is sold outside of the state, and a small (9.9% compared to 25% in Alaska for instance) severance tax isn't significant enough to have any effect at all on gas prices.

[ocularity]

Somebody's been reading their Alinsky.

It's called a severance tax. AK & TX have one, though their rates are higher. Torrico is saying 9.9, exactly the figure that Arnie suggested a while back and far short of AK's 25%.

A problem you'll have is convincing people to cut the Big Oil slack. The figure in the study-- the Independent Institute's I take it-- is simply prognostication.

Meanwhile, people are losing jobs and 40K kids won't be going to CSU. Republicans have no answer for that.

[PatriotAxiom]

"Meanwhile, people are losing jobs and 40K kids won't be going to CSU. Republicans have no answer for that."

Cut the corporate income tax for a period of two years. The tax base would massively expand and your "revenue" problem would disappear.

[ocularity]

How? Trickle down? In 1981 corporate taxes were at about 9% in California. Today, they are less than 5%.The richest 1% of Californians receive 25% of annual income. Nationally income inequalities are the highest on record. These are the realities. IT's time to move past the stale Dem/Rep bromides and look for something that works.

[joes805]

"cutting taxes solves all the problems" - Hannity, Rush, Beck, O'reilly.........I can tell where you get your news

[FiREFLYSerenity408]

nope sorry joes805...I say NO to the taxes!!!

[ObsidianRE]

hahaha amazing the way the Leftists attempted to drown out your signs. Naturally SJSU and every other CSU is part of Torrico's mafia