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Sen. Mimi Walters (R-CA) weighs in on the debate over California’s tax rates and the controversy over golfer Phil Mickelson’s threats to leave the...
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So golfer Phil Mickelson backing off after his rant on taxes Mickelson had made comments about as high tax rates suggesting.
Yeah at least California well now is apologizing for making his personal feelings public and for anyone he is quite upset or insulted.
But our next guest doesn't -- him for being upset or consulted about California's high taxes California's state senator Mimi Walters during that's from Sacramento.
Let's just original statement I mean he said if you add up all the federal -- you look at the disability and unemployment social security and state.
My tax rate is 62 to 63%.
I've got to make some decisions about what I'm gonna deal.
I mean if you're taxing 63 cents of that last marginal dollar that he -- it seems like he would want to think about where he's -- right.
Well it's really sad.
To think that somebody who has spent their whole life in California is raising his family California.
Been forced to make a decision because he's being told that government's gonna take over 60% of its income.
Is that fair for any Californian to be faced with the decision like.
That no -- I mean -- it's out.
It's more wonder that more people don't leave because of this but this is a case that really stands out because it would be such a tremendous flock to California.
Not only in terms of income.
But he also flirted with the idea being part of a group that was gonna -- into the cadres.
He's a hometown hero I mean he's someone who means a lot to Southern California are you worried about your -- -- In light of things like prop thirty.
We continue to see people leaving the state of California.
And there's better ways to raise revenue.
One is by broadening our tax base by encouraging businesses to come to this data California and to expand here.
That's gonna solve our problems of increasing revenue now.
All of the way you would do that -- -- you talk about broadening your tax base the way that you would encourage businesses stay calm right would be to lower their tax rate so.
You know you -- it's quite the opposite of raising it how could you do you feel like you could ever get -- down in California's current climate.
Not a current climate we're not going to get it done but what we need to do is we need to cut government regulation.
We need to give this is an incentive to be here.
And that -- in term bring in more revenue.
Yeah he's he also said that he happens to be in -- -- it's being targeted both federally and by the state you know it doesn't work me right now I'm gonna have to make some changes.
He act and -- prop thirty -- that you know res is on income over a million dollars it takes it to thirteen point 3% it used to be.
Ten point 3% for -- That's one point eight million dollars 'cause he made sixty million dollars of that tax.
Obviously making a big difference to him some governor -- I mean I think of Nebraska governor Heineman.
Has talked about eliminating the personal income tax in the corporate tax as a response in part to what's going on federally that people are feeling the pinch across the board.
So the more likely at this point to migrate to a state that's gonna give them some kind of break somewhere along the way.
Do you think that those kind of states are gonna start stealing some real income and valuable folks from states like California.
We've already been seen people move from California to states like Texas we have the highest tax rate in the nation in the state in California.
And we just can't sustain this level in order to keep people here in our state.
I was disappointed to see that you sort of backed held and apologize a little bit this morning what did you think about that.
What I feel his frustration you know I'm a mom of four kids.
And I feel badly that he's apologizing but I do feel -- frustration I mean if he's been forced to give over 60% of his income.
To government.
And not use that money to take care of his family I certainly do understand -- frustration alright senator thanks for coming on the show we appreciate your time.
Thank you.
-- economy learned earlier today that.
Here's a surprise stopping existing home sales last.
