NFIB/CA Releases Statement in Opposition to Senate Bill 1017

Author: Michelle Orrock Date: February 19, 2014

NFIB/CA released the following statement today in response to the introduction of Senate Bill 1017 by Senator Noreen Evans:

“NFIB/CA and our nearly 24,000 members are strongly opposed to SB 1017, which will upset our fragile economic recovery and further jeopardize jobs by imposing yet another new tax on business,” said John Kabateck, NFIB/CA Executive Director.  “With a 9.5% tax on each barrel of oil, the measure will guarantee that California will have the highest combined oil taxes in the nation.”

“All of the oil drilled in California is used here, so any cost increase will only hurt consumers everywhere, particularly small businesses. A severance tax will also hurt production and jobs in California as small companies simply will not be able to compete in the market. There is a good reason why this new tax has been voted down every time it has come up. Californians are already struggling with the highest sales, income and gas taxes in the country, so Governor Brown is right to tell legislators that now is not the time for new taxes. Now is the time to get small businesses, the economy and jobs back on track to recovery.”

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