Swarthmore students shutter scandal-wracked fraternities. Business interests fight L.A.’s school parcel tax. The wage penalty sapping teachers’ salaries.
Co-published by Fast Company
The ability to force the rich to pay their taxes is at least as monumental a challenge as the political project to increase taxes on the wealthy.
The failure of this homeowners’ tax-break measure might have been predictable–its creators didn’t mount much of a campaign, and evidently left it for dead.
The state Legislative Analyst’s Office estimates that California schools and local government losses will run $1 billion annually if voters approve a new property tax measure.
In an interview with Capital & Main, the California State Controller offers her assessment of the president’s proposal, and concludes that it is not genuine tax reform but largely a giveaway to the wealthy.