Corporations to fight California 'middle-class scholarship' bill
Source: Sacramento Bee
Five out-of-state corporations are banding together to fight efforts by Assembly Speaker John A. Pérez to hike taxes on some out-of-state firms to fund a billion-dollar relief plan for college students.
Chrysler, General Motors, International Paper, Kimberly-Clark and Procter & Gamble all stand to lose under Pérez's Assembly Bill 1500 and have formed a coalition called California Employers Against Higher Taxes, spokesman Peter DeMarco said today.
... Pérez's AB 1500 would raise taxes on various corporations by requiring that companies operating in multiple states calculate tax liability based on the portion of sales in California.
... Touting AB 1500 as a middle-class scholarship, Pérez said that funds generated by would cut by two thirds the costs of attending state universities for families earning less than $150,000 per year.
Read more: http://blogs.sacbee.com/capitolalertlatest/2012/04/corporations-to-fight-john-perezs-middle-class-scholarship-bill.html
