Join the growing coalition of Californians demanding that the federal government repeal the AMT and put a stop to the federal mandates today by signing the petitions.
As the largest “donor state” in the nation, California’s citizens send an estimated $50-$100 billion dollars a year to our friends in Washington D.C. in excess taxes that never come back. To put this in perspective, California's entire budget is only $100 billion
It is time that the California Congressional delegation started representing California.
The Two Culprits:
The Alternative Minimum Tax
First, Californians ought not to pay for more than their fair share of taxes. The Alternative Minimum Income Tax (AMT) disallows deductions for middle class taxpayers designed to compensate for higher cost of living in states like California. The AMT was suppose to be “the millionaires’ tax” Now, you may be paying it and not even know it. Abolishing AMT would reduce our massive donation to the rest of the nation by a whopping 75%. That would be enough money to eliminate the state deficit and still cut taxes for Californians!
Unfunded Mandates
Second, the federal government ought not impose regulations, restrictions, and other mandates on the states without providing adequate funding in order to implement such mandated policies. Unfunded mandates are regulations that impose costs on state or local governments for which they are not reimbursed by the federal government. These mandates cost California taxpayers billions of dollars each year.
Note the following quote from the Wall Street Journal:
"Under President Clinton, we got 94 cents back on every dollar we sent," said gubernatorial spokesman Aaron McLear, citing data compiled by the nonpartisan Tax Foundation. "Now it's 78 cents on every dollar. It makes no sense that California should be subsidizing programs in other states."
This is TRUE. And it is 75% the result of AMT. The other 25% is the federally mandated ABC -- "Anybody But California".
So What Do We Do About It?
Join the growing coalition of Californians demanding that the federal government repeal the AMT and put a stop to the federal mandates today by signing the petitions below. Together, we can save California’s economy and keep your hard earned money in your pocket.
















