Posted by Jon Fleischman at 12:00 am on May 18, 2009 Comments Off on 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