Kevin de Leon on Tax Reform

California Excellence Fund: treat state taxes as donations

The plan, now introduced in the state Senate as Senate Bill 227, would create something called the California Excellence Fund within the state's General Fund, and if taxpayers chose to make donations to that special fund, they would receive a credit against their state income tax liability equal to the amount of their donation.

The state would end up with the same amount of revenue, but the taxpayer would be better off because donations to the California Excellence Fund would be considered charitable contributions, deductible on federal tax returns. This would get around the new $10,000 limit on the deduction for state taxes.

CC:Reverse federal income tax cuts.

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Make federal income tax cuts permanent' Christian Coalition's self-description: "Christian Voter Guide is a clearing-house for traditional, pro-family voter guides. We do not create voter guides, nor do we interview or endorse candidates."

CC:Keep the inhertiance tax.

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Permanent Elimination of the "Death Tax"' Christian Coalition's self-description: "Christian Voter Guide is a clearing-house for traditional, pro-family voter guides. We do not create voter guides, nor do we interview or endorse candidates."