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   alt.business      Business related discussions (no ads)      27,552 messages   

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   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)   

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