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This a good time for the Legislature to invest in California by taxing large, profitable corporation

Assembly Bill 71, introduced by Democratic Assemblymember Luz Rivas, funds itself by means of a targeted tax increase that will be paid for only by the largest corporations best able to pay.

Restoring California’s corporate tax rate to 9.6% on corporations making more than $5 million in profits per year, as well as taxing the shifted income known as GILTI, are two tax reforms proposed


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