Join Us in Opposing the Jobs Tax

Just when you thought things couldn’t get any worse, there’s a Jobs Tax Initiative headed for the November ballot that targets California employers and small businesses. States across the country have updated their tax structures to help retain and attract businesses and grow jobs. California finally did the same, but the Jobs Tax Initiative would repeal those updates.
Specifically, the Jobs Tax Initiative:

• Increases business taxes by nearly $2 billion.
• Hits employers with higher income taxes every time they hire new employees or build more facilities in California.
• Prohibits businesses from fully utilizing research and development or other earned tax credits.
• Takes away a lifeline for small and cyclical businesses by prohibiting them from leveling out their net operating losses over time. (Federal tax laws allow businesses to carry net operating losses back several years and forward up to 20 years to ensure they are taxed on their average profitability rather than taxed out of business. California law was recently updated to allow the same, but the Jobs Tax Initiative repeals those updates and would prohibit any carry back of losses and limit carry forwards.)
• California businesses already operate in one of the worst business tax climates in the country. This initiative would add insult to injury. We need your help fighting this initiative and getting the message out that it will cause even more layoffs and slow down California’s economic recovery.

The Montclair Chamber of Commerce has joined with the “Stop the Jobs Tax” campaign committee to defeat this initiative and we need your help. Please sign up today at www.StopTheJobsTax.org  and add your company’s name to the growing list of California employers and small businesses opposed to the Jobs Tax.

If you’d like more information on the Jobs Tax Initiative please call Alison MacLeod at 916/498-7730 or Ted Green at 310/659-9450.