
Today’s Commentary: Two Reasons To Oppose 1A: $16 Billion In Taxes And A False Promise Of Spending Restraint
With the special election taking place tomorrow, I wanted to pen my last pre-election commentary on the issue of Proposition 1A. On this website we have featured a score of guest commentaries on the issue of 1A, most of them highly critical of the measure, but a few supportive of it.
I wanted to share with you my observations on 1A, in some detail, and make it very clear why I am voting against it at my polling place tomorrow, and why I strongly encourage you to do the same. IF 1A PASSES, CALIFORNIANS ARE HIT WITH $20 BILLION IN TAXES THAT THEY OTHERWISE WOULD NOT HAVE TO PAY
There are basically two consequences of the passage of 1A. One is that a weak spending limit is adopted, which we discuss in detail below. The other huge consequence is California taxpayers will be hit with over $16 billion in higher sales taxes, higher income taxes, higher car taxes, and a reduction in the tax credit for dependents which would cost families $200 per child. According to the Howard Jarvis… Read More