Tom Steyer in Yahoo News

On Corporations: Calculate CA corporate income tax based on in-state sales

Billionaire Tom Steyer is the latest Democratic candidate to throw his hat into the ring. So far, he hasn't proposed any specific new tax law changes since joining the race. However, last year he did call for a 1% "wealth tax" on assets greater than $20 million and an unspecified estate tax increase.

Raise cigarette taxes in California;
Require out-of-state businesses to calculate their California corporate income tax based on the percent of sales in the state; and
Adopt a carbon tax in Washington.

That should give voters some idea where Steyer stands on tax issues. Source: Rocky Mengle, finance.yahoo.com, on 2019 Democratic primary Aug 12, 2019

The above quotations are from Yahoo News. Click here for other excerpts from Yahoo News. Click here for other excerpts by Tom Steyer. Click here for a profile of Tom Steyer.
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Page last updated: Jun 28, 2023