FOR IMMEDIATE RELEASE: May 5, 2014
CONTACT: Peter DeMarco @ 916-651-4029
Senate Democrats Pass Another Job-Killer Bill, Pave Way For Raising Taxes On Homeowners & Businesses
One-Party Rule Continues to Hurt California’s Middle Class
SACRAMENTO – Senate Democrats today used their majority to pass SB1021, legislation that will raise taxes on homeowners and businesses of all sizes while hurting lower-income school districts. This “triple hit” on working families adds more red tape to the state’s complex tax system, and encourages more businesses to relocate outside California.
“The majority party today voted again to try to weaken Proposition 13, and California taxpayers need to hold onto their wallets,” said Senate Republican Leader Bob Huff (R-Diamond Bar.) Democrats claim this bill helps education but in reality it could have unintended consequences. That’s because the bill unfairly forces different tax rates on different size properties in a school district, which means some will pay more and some will pay less. That forces businesses in the school district to pick up the tab for the difference if voters pass a new tax increase. And if that isn’t enough, it may remove a critical homeowner tax deduction.” Continue reading
