By Stephen Frank, California Political News and Views
Several counties have already sent out their absentee ballots. It looks like L.A. County is going to send out theirs a week early—this week. Like everything else, government is playing fast and loose with the rules. No doubt this will be, in California, the most corrupt election ever held. It is important to vote on the Propositions, since massive tax increases, abuses of the public and crazy support for criminals is at stake.
Kiley: “Makes property tax protections more portable but less heritable: will lower your taxes if you move, but potentially raise them for your kids when they inherit your home. I will be ambivalently NO.”
HJTA: “Proposition 19 takes away important taxpayer protections that have been enshrined in the State Constitution since 1986. Proposition 19 eliminates Proposition 58, which allows parents to transfer a home and limited other property to their children without an increase in property taxes, and a similar measure, Proposition 193, which gives the same protection to transfers between grandparents and grandchildren if the children’s parents are deceased. Proposition 193, which gives the same protection to transfers between grandparents and grandchildren if the children’s parents are deceased. Proposition 19 would require property transferred within families to be reassessed to market value as of the date of transfer, resulting in a huge property tax increase for long-held family homes.”
“This is a billion-dollar tax increase on California families. VOTE NO ON PROPOSITION 19.”
Under Prop. 19 the biggest losers are family farms. The biggest winners are realtors and large farm corporations buying up the family farms being sold to pay the taxes.
The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the official position of Citizens Journal.
Stephen Frank: Is the the publisher and editor of the California Political News and Views. Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/