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California Doubles Down on Higher Taxes

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    Author Mike Reagan on the recent tax increases in the Golden State.

  • Duration 5:00
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If you add the new higher tax rates from the fiscal cliff deal of the federal level.

To the new -- tax rates at the state level in California -- together.

And you've got some money in your pockets you are paying a -- How does might Reagan feel about -- he's in California.

And -- Richie is but he's with the Reagan dot com and I wanna know how he feels about living in -- highest priced highest taxed state in the night.

Mike what -- site.

-- -- if not easy it's not easy for those to lower income level.

You know just the other day I fired my poor man turned him -- -- foreign workers and reform algae out of my pools like a part of 59 million dollars for the government just gave us.

I think what's going on California is aptly ludicrous and ridiculous -- -- tell -- I talked to a surgeon.

Just before Christmas who sold his house so we can beat the three point 8% surtax going to be on his income after January 1.

He moved his business he's going to Las Vegas bought a house to Las Vegas he feels that the money saved from not paying.

State tax of the California he will pay for that house in less than two years.

And that's what he's doing I talk to other people that I know who have businesses who in fact got rid of those over the the number of fifty employees for their companies reduce it down to 48 and 47 employees so they wouldn't be hit by obamacare.

The -- what's going on in California that's -- seventeen business of the month are leaving the state of California.

Because of the tax system in California and the regulations like you mentioned a moment ago -- over 800.

Bills were passed.

This last year by the state legislature I mean one of them is disallowing people from using hunting dogs to go after Bob caption -- I -- These people are out of control in Sacramento and now there's a two thirds majority in both out.

Is that any sign that the people of California -- beginning to rethink.

The big regulation loads of new laws huge taxation rates -- is it.

And apart from people moving their money around and that businesses around the tried to avoid these tax rates -- from that.

Is there any sign of -- real backlash.

To the prevailing trend in California which is tax it regulate it any any backlash will now.

Well there is no.

Backlash in all the state California now that's not to say in the next couple weeks there won't be some kind of backlash.

When they find out that they're gonna have 2% less money in their paychecks than they had before January 1 of 2003.

Take.

Battle yet and that might wake up some people.

The higher tax of 13%.

Plus.

The fact that there's now a larger sales -- to California by the way that's gonna last what four years.

The income tax seven years the rally -- it'll never go away so it hasn't hit yet.

It may get by march -- April but they have -- -- yet because people California very happy.

Voted to allow people who who make it on their own and do well very happy -- making them pay more in taxes if so that they can do whatever they do.

Is this the new normal in America.

I mean is this what is that I don't California isn't premise separate in this respect because the taxes -- -- the legislation is crazy in the regulations -- lunacy.

But like I know you're out -- on a -- but do you think this is the new.

Do normal for the United States of America.

Here's a new normal -- conservative movement in this country.

Comes up with a leader I talk to somebody got -- should know liberals -- led by ideology.

Conservatives are always looking for a leader.

When they do not have a leader to lead them they -- all over the map and that's exactly where the liberals want them as long as the conservatives are confused.

They win the day and this becomes -- new norm.

And you've got -- name in mind anybody.

Barney and and and and come I'm -- wasn't born in front steps I know I would I really don't I really don't at this point in time.

I think that person have to surface and come to the top there might be people out there.

But you can't give a litmus test everybody on the planet to see if they -- your special litmus test.

And if they don't you can't UK and in fact have them.

-- be part of your party you've got to be in close to people need to stop talking about my father.

Have start really embracing who the heck he was in I was a bit just before Thanksgiving.

Down in Florida and I was speaking.

I should maybe I can explain that to you a little bit better.

What all the black from the audience please rise.

I think older -- with the -- please stand up and there were true.

I think there's your problem with the Republican Party you become exclusive not inclusive -- interest when you become inclusive and really embrace who Ronald Reagan.

Is it was you may in fact find yourself again on the winning came.

Mike Reagan always good stuff thank you very much indeed -- we'll see you again real soon you know thank you thank you.

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