Assemblyman Vince Fong, R-Bakersfield, announced Monday that he will be introducing a tax-cutting bill in the coming weeks.
The California Competitiveness and Innovation Act, Fong says, is intended to help middle class families and small businesses.
Specifically, the main components of the proposal are:
- Personal Income Tax: Lower the state personal income tax rate for middle class individuals and families.
- Small Business Tax: Reduce the franchise tax for small businesses.
- Homeowner Tax Exemption: Double the $7,000 homeowners property tax exemption.
“We should lower the state’s tax burden without gimmicks,” Fong said in a statement. “We have to make California more competitive with other states and help ordinary Californians afford to live and work in this state.”
The package of bills will be introduced in the following weeks and will be referred to policy committee in the Assembly, according to Fong's office.
Ronald McDonald House Director Scarlett Sabin will be at Happy Jack's Pie 'N Burger restaurant Sunday for breakfast or lunch from 6 a.m. to 2 p.m. Happy Jack's is located on the corner of 20th and G streets downtown. A portion of proceeds that day benefit Ronald McDonald House.
Families stay at the Bakersfield Ronald McDonald House while their children are treated at local hospitals.