Although it may seem far in the distant future, there has been a great deal of speculation regarding what ballot propositions might appear on the 2016 General Election ballot in California. Focusing on just those proposals having the potential for real harm to taxpayers, here is our short list:
SALES AND INCOME TAX EXTENSION — An extension of the temporary sales and income tax increase voters approved with Proposition 30 in 2012 is being advocated by public sector labor leaders. The proponents will argue that, since Californians are accustomed to paying these higher rates, it should be more palatable to voters to make these tax increases permanent as opposed to some “new” tax.
OIL SEVERANCE TAX — An oil severance tax – taxing petroleum as it is extracted – is likely to be advanced by those who see an opportunity to soak an unpopular industry. They will count on the public not noticing that these taxes will be passed on to California drivers in the form of higher gas prices.
SPLIT ROLL PROPERTY TAX — Those on the far left are salivating over the prospect of an increase in property taxes for commercial property. This attack on Proposition 13 would split the tax roll so that business property will pay much more. The impact on small business and jobs will be glossed over
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