Podcast sets the record straight, discusses other manifest problems with the initiative
SACRAMENTO, Calif., Sept. 30, 2020—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.
Keep up with the latest on California small-business at www.nfib.com/california or by following NFIB on Twitter @NFIB_CA or on Facebook @NFIB.CA.
For more than 77 years, NFIB has been advocating on behalf of America’s small and independent business owners, both in Washington, D.C., and in all 50 state capitals. NFIB is a nonprofit, nonpartisan, and member-driven association. Since its founding in 1943, NFIB has been exclusively dedicated to small and independent businesses and remains so today. For more information, please visit nfib.com.
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