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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 345,312 of 345,374    |
|    Pelosi Goes To prison to All    |
|    Democrats Lose Big on Affordability in D    |
|    21 Nov 25 06:44:02    |
      XPost: austin.general, alt.politics.republicans, sac.politics       XPost: alt.fan.rush-limbaugh, talk.politics.guns       From: noreply@mixmin.net              The failure of a property tax ballot initiative in Austin, Texas,       earlier this month proves that affordability and low taxes can be a       winning issue for conservatives in even the deepest blue enclaves.              In the presidential election last year, Kamala Harris won Austin’s       Travis County 68.7 percent to 29.4 percent. The city is home to the       flagship institution of the University of Texas System. The mayor is a       Democrat, and so is every single member of the city council – except for       Mike Siegel, who is affiliated with the Democratic Socialists of       America. It is by all accounts a liberal stronghold in a red state.              Despite that, however, 63 percent of Austin voters cast their ballots       against a Democrat-backed effort to increase property taxes on November       4. The proposal would have hiked property taxes an astonishing 20       percent, siphoning an extra $110 million away from taxpayers annually.              Mayor Kirk Watson and the rest of the city council campaigned for the       increase, claiming that it was necessary to maintain city services. But       after a decade of mounting tax pressure, even progressive voters appear       to have reached their limit. The city notably passed a 20 percent       property tax increase just five years ago – yet is still facing a $33       million deficit going into 2026.              For many homeowners, the math no longer checked out. Annual city taxes       now average more than $2,000, up from less than $1,000 a decade ago, and       school-district taxes add roughly $4,000 more. The pressure made voters       skeptical that the city had exhausted other options before seeking       another increase.              Following high-profile Democrat victories in Virginia and New Jersey       earlier this month, liberal pundits and the corporate media were quick       to cite the “affordability” issue and claim that Democrats had the upper       hand on it. But that narrative has conveniently avoided what happened in       places like Austin – and elsewhere in Texas, where Republicans won up       and down the ballot on overwhelmingly popular tax cut measures.              As The Wall Street Journal noted, in the Lone Star State, “voters       rejected 25 of at least 44 proposals to raise school-district taxes” – a       marked shift from 2006 to 2019, when voters approved 80 percent of such       tax hikes. Additionally, “voters passed the three antitax constitutional       amendments… no new taxes on estates, no new taxes on securities       transactions, and no state tax on realized or unrealized capital gains.”              Those amendments not only passed, but passed with overwhelming support.       The prohibition on taxing unrealized capital gains passed with 65.6       percent of the vote. The prohibition on new taxes on estates (the “death       tax”) passed with 72.2 percent support. It also won majority support in       every Texas county except, ironically, Travis, where it narrowly failed       49 percent to 51 percent.              As AMAC Newsline reported before the election, the three major tax       amendments passed the Texas Legislature earlier this year with solid       Democrat support, reflecting rare bipartisan agreement that lower taxes       are good for everyone. The success of the amendments in Texas could now       spread elsewhere, as Democrats who oppose tax cuts find themselves at       odds with a vast majority of the voting public.              The Texas tax cut model could accordingly become a powerful tool for       Republicans nationwide as they make the case to voters about why the GOP       is better suited to deliver a more affordable American Dream. As cities       in states like California continue to raise taxes and drive the cost of       living even higher, Republicans are leading successful efforts to reduce       tax burdens and put more money back in the pockets of working families.              Property taxes in particular are a hot button issue. Property taxes       function as a levy on “paper gains,” as they are calculated using       estimated home values long without an owner realizing any profit from       selling. The dynamic is the same as taxing unrealized capital gains on       investment portfolios – something most Americans agree is wrong.              Younger buyers are particularly hard hit by property taxes, which add       thousands to the annual cost of homeownership at a time when home prices              [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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