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  • SPLIT ROLL ADVOCATES PUSH FOR $9B TAX INCREASE

    Posted: October 9, 2015 | Posted by CBPA | No Comments

    Earlier this week, and unconnected to the Governor’s opposition to pursuing a split roll property tax, Forbes Magazine ran a story about the “Make It Fair” coalition’s push for a split roll:

    The Forbes story, states in part, “there is a group thinking about changing Prop 13: a labor-union-backed organization called Make It Fair. Using scare tactics and us-against-them rhetoric to garner support, Make It Fair contends that loopholes in Proposition 13 allow a small number of ‘giant corporations’ and ‘wealthy commercial property owners’ to get around paying the property taxes that they could easily afford. In reality, though, the ‘loopholes’ that Make It Fair seeks to close are in place to protect residential and commercial real-estate owners at all places on the economic ladder. Their desired legislation (Senate Constitutional Amendment 5), which stalled in Sacramento, would create a steep tax increase for many property owners. That notion is unacceptable. Proposition 13 keeps small business owners’ doors open, even when the economy presents a variety of struggles – and it’s been providing this security for nearly 40 years.

     

    Click here to read the article “Anti-Growth ‘Make It Fair’ Lobby Pushes For $9 Billion Tax Increase In California.”



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