Guests discuss the ‘smoke and mirrors’ behind proponents’ arguments
Should it pass in November, Proposition 15 would be the largest tax increase in California history, but would it work as advertised? Most definitely not, argue two public policy veterans in the second in a series of NFIB podcasts established to give its small-business-owning members the full picture of the issues impacting their solvency.
Rex Hime, president of the California Business Properties Association, says the proposition will do little for education while having manifestly negative consequences for California’s economy, and John Kabateck, NFIB’s California state director, explains why Prop. 15 is a small-business matter and takes issue with proponents’ arguments that it’s not. Hime also provides a brief history of the previous attempts to undo the property tax protections put in place 40 years ago with the passage of Proposition 13.
NFIB thanks the generous support of the California Tax and Budget Research Project for these podcasts and Multipoint Content Strategies for its production of them. Click here to hear the first podcast on Paycheck Protection Program loans with special guest James Beckwith, president of Five Star Bank.
Click the graphic below to listen to the Prop. 15 podcast or search for it on your favorite podcast app by typing in NFIB California.