Prop. 15 Would Close a Corporate Tax Loophole. Here’s How It Got There in the First Place

When anti-tax crusader Howard Jarvis barnstormed across California for Proposition 13 in 1978, he made it clear who the measure to slash property taxes was aimed at helping.

“The people that are being hurt are the elderly people on limited income who have spent all their life earning a home,” Jarvis said in a KQED debate that year. “And the state is kicking them out in droves. And this is what this is about.”

Voters overwhelmingly passed Prop. 13, but now, 42 years later, voters are being asked with Proposition 15 to undo a major loophole in that 1978 ballot measure which has allowed corporations to keep their property taxes artificially low for decades.

Jarvis was correct that with inflation pushing the value of homes in California through the roof in the 1970s, homeowners were seeing their property tax bills increase to the point where some couldn’t keep up. …

Click here to read the full article from KQED

Comments

  1. And the problem is?

    Businesses are allowed to make a profit and keep operating expenses low. That makes it easier for those buying products to afford them.

    What happened when the 6 Cent gas tax went into effect? Costs of food and hard goods went up.

    Hey stupid (read that as Democrat) for every action there is an opposite reaction.

  2. John the Patriot says

    The democraps “solutions” for everything is more taxes and more regulations. It’s like an addiction to drugs with the junky craving it’s latest fix. Time to cut off the drug line! What we need is a part time legislature and NO DEMOCRAPS! No on 15! No to taxes!

  3. Another weak ass scam. As we all know, or , should know , any tax increase to businesses will be passed on to the consumer which is us . So this is just another snake in the grass effort to lie and cheat the middle class out of the little that we have left to us . Newscum needs to go and we should get rid of his Communist administration especially Becerra and the California Legislature as well.
    From the Sword of —

  4. VOTE NO ON PROP 15….STARVE THE UNION THUGS OF MONEY…Prop 15 is JUST MORE MONEY FOR PENSIONS….VOTE NO…..VOTE NO

  5. Boris Badenov says

    H E L L N O ! ! ! ! !

    Even the CAL GOP has this one right, color me surprised.

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