Congressman Mark DeSaulnier (CA-10) made the following statement on Chevron’s decision to move its headquarters from Contra Costa County to Texas.
“I am disappointed, but not surprised, to see Chevron’s announcement that it will be leaving San Ramon. I have long been involved and advocated for California’s renewable portfolio standard and climate goals to protect both public health and the environment, and for years I have encouraged Chevron to be a diverse energy company investing in clean renewable sources of energy as we in California have been responsibly transitioning away from climate destroying energy and towards clean energy that protects the climate and public health. Unfortunately, these efforts have been much less successful than I had hoped and, in many ways, Chevron left California years ago. I hope as Chevron relocates their corporate facilities, they will keep California’s climate goals in mind. I’ve reached out to the city of San Ramon and I would be happy to work with Chevron, or any other company, in reaching these important energy goals and to continue to support its employees in Contra Costa County.”
Oh Mark. I’m sure it’s more than climate goals that made Chevron want to move. I’d say the tax burden in CA has much to do with it. That proposed tax in Richmond was probably the last straw. Have you done anything to lower taxes here?
Wait a minute… Corporations in California are paying WAY LESS in taxes than they used to a few decades ago. Back in the 1980’s, corporations that reported profits paid around 9.5% in state taxes. Fast forward to 2018, where now corporations paid just 4.5% in corporate taxes – nearly HALF of what they used to. California’s state budget would have received $13.3 billion more in revenue in 2018 had corporations paid the same share as they did in 1980. So you’re asking if our politicians have done anything to lower taxes, I’d say they’ve done too much. And on top of the reduction in California corporate tax rates, Trump in 2017 slashed the federal corporate income tax rate from 35% to 21%, the largest one-time reduction in history. California gives corporations more tax breaks than low income households. You refer to the tax burden as being much to do with Chevron leaving. Are you kidding me? These guys are paying historically low taxes, while the rest of us are putting up with increased food, energy and housing cost, and nobody seems to be doing a darn thing about lowering OUR tax rate. In 2020, the expansion of corporate tax breaks amounted to a loss of $14.5 BILLION that could have been used to help Californians afford health care, child care, and housing. But no, they just keep laying the tax burden squarely on the shoulders of the lower and middle class, and let the corporate tax payers slide. Boo hoo Chevron.
Well according to Contra Costa County, Chevron is the second largest tax payer in the County, just behind PG&E. In the 2022-2023 County budget, Chevron paid $46,488,196.56 in taxes.
I’m sure $46 million is a nominal, dare I say it, a down right trivial amount of tax revenue for the economic powerhouse that is Contra Costa County. I mean we are one of 58 counties in a state that has the 5th largest economy with a projected deficit of somewhere between +$45,000,000,000 to +$48,000,000,000. It’s almost a rounding error if you want to but it into prospective.
I’m also sure the City of San Ramon and the local businesses will not miss having Chevron as tenants at Bishop Ranch. I am confident that the revenue Chevron and their employees brought to the local small businesses and sales tax revenue it generated will not be missed one iota by the City of San Ramon. Not to beat a dead horse but we are the 5th largest economy after all. Hell, I’m sure Sunset Developments have tenants chomping at the bit to replace Chevron at Bishop Ranch with commercial rents being so hot right now. It will be a windfall for them!
You’re so right Suave, Boo Hoo Chevron.
A slice of a pie is better than no pie at all.
On a more serous note Rico Suave, this is the problem with your boo hoo to Chevron.
The major contributing factor with California’s whiplash feast and famine tax revenue generation is the “Progressive Taxation” policies that California and YOU favor so much. This is not only my opinion but Newsom’s as well when he was asked point blank the cause of the California budget deficit.
When you depend on the top 1% to pay nearly 50% off all tax revenue it disproportionally affects the stability of revenue raised by the State. In other words, it causes massive swings in the tax revenue collected from year to year. This is how California went from having a surplus of $97.5 billion to an estimated +$68 billion deficient according to the State’s Legislative Analyst’s Office in just 2 years.
This is Macro example of Micro effect that Chevron leaving will have on Contra Costa County. The 2nd highest tax payer in the county is leaving AND it WILL have a disproportional whiplash affect on the tax revenue collected by Contra Costa County.
Okay, so Chevron paid $46 million in taxes in 2022-2023, but Sunset Development also paid $175 million to buy the land from Chevron. Chevron even floated Sunset a $157 million dollar loan to help finance them so they’re definitely making money off the deal. Besides, Chevron HQ has slowly been moving workers to Texas over the past decade. San Ramon has always been aware of the plan. From what I read, Chevron Park is going to be turned into a new residential area in the future. The property taxes from that alone will be a nice influx of revenue. I’m sure there’s already a nice piece of pie in taxes from the mixed used neighborhood of offices, homes, shops, hotels and such in Bishop Ranch. California has long made it clear that our goal is less dependency on the oil and gas industry. Is it any wonder that Chevron is moving to Texas, the very capital of the oil industry? You go play where they’re playing your game. So I still say boo-hoo to Chevron.
Whatever happens to Bishop Ranch in the future, the County & State will never make back that lost tax from Chevron. If it only takes 2 years to get a housing project off the ground that is over $128 million in lost tax revenue for the County.
How do you think the county is going to make up that loss? There will be a cut in programs and services with the County calling for higher taxes. Tell me again how Chevron leaving helps lower your tax burden?
Chevron leaving California helps California’s goal of being less dependency on oil not one bit at all. Chevon is leaving, they are not going out of business. Whatever oil related problem that exist when Chevron leaves will still be there when they get to Texas. The only difference is California will lose out on the 8.84% flat Corporate Tax rate and the County on the $64 million. The current Corporate Tax rate is only .76% less than the highest California Corporate Tax rate of 9.6% in the 80s. California Corporate Tax rate is also the 8th highest in the nation.
California can raise the Corporate Tax rate to 99.9% but what they cannot do is legislate is a law requiring a business or individual stay and pay it. What exactly is 99.9% of zero?
I think you can save the boo-hoo for the people of Contra Costa County. Chevron is going to be just fine. They are at least going to save 8.84% by leaving.
You are part of why they left.
You and your kind drove them out by pushing your half baked fashionable at the moment green movement. What are you going to do, Mr. Politician, when all the big businesses leave the state?
California is most beautiful state in the Union but the crazy liberal left it’s in super majority is going to run out every business and every sane citizen from the state. Then all you’ll have left in California are the billionaire techies, a large welfare class. and the very poor migrants. It will probably be a real caste system with the latter being servants of the first. Wow, what a Democrat caused dystopia!
Born and raised here and finally can say I will be leaving soon!
You forgot criminals. The California democrat government and their supporters love, support, enable and encourage them.
You politicians never learn. Common sense…raise taxes, add more regulations and never asked “what if” if this happens. Good for Chevron. Mark, you’re really a jackass.
Shut up Mark.
Mark, thanks for your useless statement I’m sure it will make the 1000s of people loosing their job feel much better……NOT !
More dems BS, they want us to cut back on oil use. But biden flys out here constantly to raise money. One trip alone, Air Force one and 5 transport planes to carry everything. I’m sure that trip alone used more oil then i will in my life. If your serious stop flying so much on the taxpayer dollars.
You’re part of the reason Chevron was driven from California.
See, everything he and the Democrats do is good, it’s just that luddite Chevron that refused to throw away its most profitable source of income for money-losing green garbage. They can join Tesla, Oracle, and a ton of other corporations that have gotten the heck out of this proto-communist la la land.
California is speed running the Venezuela model. Please remember this statement of his when the store shelves are empty.
Democrats chased Chevron right out of California and Mark isn’t surprised….. and never did a damn thing to try to convince them to stay, just kept pushing that “Green” agenda.
Tell it to those who are now unemployed or forced to move.
How dare you!!!!
Mark and your party is the reason why they are leaving. Hope your happy.
Mark you are a Jackass. You fit your party just fine.
The California Ruling Politicians have done NOTHING to support the Business community… They love getting those Tax $$$, but have Little respect for the “Donors”… Just a posturing group… Willing to sell their souls for a few political Tokens..
Well a quick google search revealed that according to Contra Costa County in the 2022-2023 fiscal year, Chevron USA paid $46,488,196.56 in taxes to the county. Making them the second largest tax payer in the county behind PG&E.
This will not be an insignificant loss to the County coffers.
Chevron has been working on alternative energy long before Mark was even in office. Mark, companies have to make a profitable business not a touchy feely, liberal, sky is falling, climate crisis, loosing money business. Shareholders wouldn’t stand for it. Besides Biden said he is getting rid of fossil fuel so it should all be gone in a few months.
Mark, No one wants to work with you so stay on your soap box.
Have a town hall about it Mark. This guy and his town halls
Mark DS is clearly out of touch with Calif economics …. bet Newscum wrote that for him
I look forward to a time where any quote from this guy has ZERO comments.
This guy’s views are bent, and simply not worthy of comment.
Adios DeSaulnier, may the farce continue to be with you.
He’s not disappointed at all they are all going to Texas as very few of those employees are Democrat and vote for him anyway.
Smartest move Chevron has ever made, now maybe the stock will finally come out of the toilet before it flushes all the way down if they stayed in California.
Nice spin Mark. You nit wits are chasing business away .
This is another example of corporations fleeing this sinking state! Politicians like Mark have ruined this state, and the problem is, they’re not done!
California Political Rulers… Have they Ever Reduced…or… Eliminated a TAX…
After all this the idiot voters of California will send the same OLD Democrats back to Sacramento and D C. You know what they say about doing thing the same way time after time and expecting different results.
“climate destroying energy and towards clean energy that protects the climate and public health”
algore (lawyer who saw a way to scare people and make hundreds of millions off it) scientist logic. so anti-oil an natural gas that they’ll dig massive holes (for lithium) in the ground to install miles and miles of reflective panels (I am sure they hold no heat), and thousands of windmills that, when I drive past, stand as stationary as the King’s guard in UK.
business climate destroying policies are more real than the left’s climate destroying energy fantasies (which in reality are just a measure in which they can pass money around)
What a conundrum! Chevron doesn’t want to be part of finding solutions to the problems it products have caused to the climate, so it moves to Texas; except Texas can’t keep the lights on after a climate change-exacerbated storm. Maybe Chevron, with all its corporate might, will be able to get Texas to find a way to fix its electrical grid and keep it running — without raising taxes or utility rates (?). Good luck, Chevron, and good luck to the current citizens of Texas. Which reminds me, your female employees, who you thought would be happy to follow you to Texas — well, they may think moving to a female unfriendly state is a bad idea.
“Female unfriendly? Got it. What don’t you just write what you mean? If living in a place that allows killing an unborn child right up to the moment of birth is more important to you than a well-paying job, quit your job.
It doesn’t look like Texas is doing a very good job of keeping infants alive once they are born. An 8% increase in infant mortality and 23% increase in deaths due to birth defects. Imagine the cost of caring for an infant with a fatal birth defect, and what those medical bills would do to a marriage.
https://apnews.com/article/abortion-texas-infant-mortality-birth-defects-b055ac35cdbc9ec13f400b4c3e1056e7#:~:text=In%20Texas%2C%20the%202022%20mortality,in%20the%20journal%20JAMA%20Pediatrics.
So option #1 is kill the baby. Gotcha.
There are likely a number of reasons why Chevron finally decided to leave. High taxation, a general distain for the energy industry, the garbage that many of their kids have to endure in public schools, rising crime…the list goes on and on.
But keep burying your head in the sand, Mr. DeSaulnier, as you know you don’t have to worry about losing your job. After all, you have the “D” after your name.
Don’t like Chevron leaving? Once again just remember…you not only get what you vote for, but you also get the consequences it brings too.
As usual, the California Democrats are way over their skiis when it comes to implementing
new technology standards involving energy. The electric car issue is taking a dive, as the truth
about electric cars is starting to surface. Dealers can’t sell new ones and used EVs are almost
worthless. And we’re supposed to be all electric when???? It will be forced down your throat
at some point.
That’s why Chevron is moving out of California-no future here.
Call me selfish but I think you should be more worried about how Contra Costa County is going to make up the loss of $46 million in lost tax revenue over the next 5 years and a whole lot less about Texas. It sounds like sour grapes honestly.
All those nice social and climate change programs you like have to be funded with money and now you have $46 million less of it.
You are going to see a cut is programs and services coupled with a call for higher taxes.
Texas can worry about themselves. As to employees not moving with the company that is their decision to make. Employees come and they go. Considering the most recent jobless rate released by the Government they better think long and hard about being unemployed in the current economy.
The parasitic California democrat government will just do what they do best(and one of the very few things they know how to do) – raise taxes on working class citizens.
I’m sure he is one of the reasons.Mark is doing a poor job.
Mark, what type of incentives did you provide to Chevron for them to move ” towards clean energy that protects the climate and public health”? I know, nothing. Big highly capitalized corporation in your backyard and you did nothing to partner with them on the future of energy.
Like I’ve said before: DRILL, BABY, DRILL!!!!