Forums before death by AOL, social media and spammers... "We can't have nice things"
|    alt.business    |    Business related discussions (no ads)    |    27,552 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 27,131 of 27,552    |
|    Newsom Pelosi train derailment to All    |
|    California Businesses Revolt Against Gav    |
|    06 Apr 24 06:35:05    |
      XPost: alt.fan.rush-limbaugh, misc.taxes, ca.politics       XPost: talk.politics.guns, sac.politics       From: remailer@domain.invalid              A group of California business have rallied against Newsom's most recent       tax hike in what some people are thinking may be the next tax revolt.       The businesses claim taxes in California have grown out of control and       are taking matters into their own hands.              The business community in California is unhappy with the tax increases       that California has faced over the past few years and particularly in       2023-2024. They argue that tax hikes have made it near impossible to       continue to operate in the Golden State.              The most recent outcry comes on the back of a drawn out fight between       businesses and California lawmakers. The conflict is essentially between       those who want to provide funds for the progressive policies that make       California desirable and those who believe the high costs make the state       unattractive and unlivable for families and businesses.                     In response to recent tax hikes, a coalition of businesses operating in       California have banded together to gather signatures on a motion that       would not only change the way local taxes increases are approved, but       would also roll back and change some of the recent approvals. This       proposal has been called the Taxpayer Protection Act.              The businesses involved are gathering signatures to include a motion on       the November ballot. If passed, it would require that 2/3 of voters       approve tax increases in order for them to be passed, putting some of       the power back in the hands of business owners.              This would be one of the biggest changes to tax policy since Proposition       13 in 1978. Prop 13 dramatically limited property tax rate and limited       future tax increases as well.              Supporters of the measure argue that lowering the taxes in California is       urgently necessary because the hikes will continue to drive businesses       out of the states. In particular, real estate businesses of luxury homes       provide major funding to the state, and losing their business would have       negative implications on the state's finances.              The companies involved spent $16 gathering signatures so their measure       could be proposed to voters. Likely, there will be millions spent on       both sides to advertise the opposing views.              Newsom and other local officials claim that the proposal would not       benefit the state, and would actually slash funding and make budgeting       impossible for local services like trash collection. In fact, some nay-       sayers believe the proposal is actually unconstitutional.              Kyle Packham, a member of the California Special Districts Association       claims, "It's a complete revision to the Constitution and to how we       currently do government in the state of California."              As of now, local tax increases in the state of California can become law       through a majority vote of the public. The proposal is that this would       be changed to 2/3 of voters as opposed to majority. But it would also       retroactively change some previously passed tax hikes from 2022 that       don't meet the law's requirements and this is what those opposing the       change believe to be unconstitutional and irresponsible.              The money acquired from the tax hikes in 2022 is already being used in       many areas to fund local services. If those funds were to be revoked, it       would have potentially devastating effects on local communities.              Democrat officials, including Gavin Newsom have asked that the       California Supreme Court remove the anti-tax measure from the ballot all       together on the grounds of it being a Constitutional revision. The case       is expected to be held pn June 27 of this year, in time for the upcoming       November election.              https://www.msn.com/en-us/news/politics/california-businesses-revolt-       against-gavin-newsom-s-new-tax-hikes/ss-BB1l8T0H              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca