California Governor Jerry Brown, "...said in January that he’s worried that the changes will provide an incentive for wealthy Californians to leave the state, potentially starving the state of tax revenue. The state’s wealthiest 1 percent, for instance, pay about 48 percent of the state’s personal income tax.
Republican George Runner, a member of the Board of Equalization and the Franchise Tax Board, said the board's report demonstrated that most Californians would benefit from the new law.
“The scenario that was being presented where Democrats were crying that Californians won’t benefit from it truly was out of place,” he said.
“The higher-income bracket” Californians who probably will pay more tax “for the most part, it’s the price you pay for having a high-priced house in California,” he said."
http://www.sacbee.com/news/politics-government/capitol-alert/article209015539.html
Republican George Runner, a member of the Board of Equalization and the Franchise Tax Board, said the board's report demonstrated that most Californians would benefit from the new law.
“The scenario that was being presented where Democrats were crying that Californians won’t benefit from it truly was out of place,” he said.
“The higher-income bracket” Californians who probably will pay more tax “for the most part, it’s the price you pay for having a high-priced house in California,” he said."
http://www.sacbee.com/news/politics-government/capitol-alert/article209015539.html