WHO CARES ABOUT HOMEOWNERS?
[Publisher’s Note: As part of an ongoing effort to bring original, thoughtful commentary to you here at the FlashReport, I am pleased to present this column from Jon Coupal. Coupal is the President of the Howard Jarvis Taxpayers Association – Flash]
One would think that last year’s passage of Proposition 30, which gave California the highest income tax and sales tax rates in America, would satiate politicians’ appetite for even higher taxes – if even for a moment.No such luck.Not only are legislators vigorously promoting changes to Proposition 13 that would make it much easier to raise property taxes by doing away with the two-thirds vote, there is almost no limit to the other current schemes designed squeeze more revenue from the public.Indeed, the California Taxpayers Association has identified 66 bills representing more than $11 billion in new revenue now moving in the Legislature.
One such bill, flying under the radar scene until recently, is a direct hit on property owners.Senate Bill 391 by Bay Area Senator Mark DeSaulnier places a $75 recording tax on documents filed in county recorder offices for items ranging… Read More
