California’s Already High Taxes Could Increase if Democratic Legislators Prevail

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California has been losing businesses and residents to states with lower tax burdens for years, and the response in Sacramento has been puzzling. Rather than trying to compete with those states, the counter has been to instead raise taxes even higher.

Following this formula, legislators are kicking around ​​Assembly Constitutional Amendment 1, a proposal that would undermine the protections of 1978’s Proposition 13. Should ACA 1 become law, it would lower the two-thirds voter-approval requirement of Proposition 13 for passing special local tax hikes to only 55%.

The threshold was strengthened in 1996 when voters approved Proposition 218, a constitutional amendment that requires a two-thirds vote for special taxes.

Read the full article at the Times of San Diego

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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