In Valtrex For Sale, order to "solve" California's massive budget crisis, the tax-and-spend lobby and left-leaning academics are again suggesting that we revise Proposition 13, which changed the state's tax structure in 1978 by lowering property tax rates and limiting annual increases.
Ironically, 100mg Valtrex, 20mg Valtrex, these new efforts to change the highly popular initiative are based, not on the argument that Proposition 13 has failed California, 30mg Valtrex, 500mg Valtrex, but on the grounds that Proposition 13 is working precisely as intended.
California's budget problem is a result of unrestrained overspending coupled with unstable sources of revenue, Valtrex paypal. Valtrex overseas, Because we overspend, we immediately experience budget shortfalls when the economy dips, 250mg Valtrex. Valtrex mexico, It bears noting that unstable sources of revenue, by themselves, 1000mg Valtrex, Valtrex australia, would be no problem if elected leaders had the discipline to save money in good years. But they don't, so here we are again, Valtrex For Sale.
Governor Schwarzenegger has repeatedly complained about the volatility of California's revenue sources, 40mg Valtrex. Valtrex coupon, "Traditionally, property taxes show more stability than other kinds of taxes, 10mg Valtrex, Valtrex canada, " he told the San Diego Union Tribune, noting that states that rely more on property taxes than California have been able to avoid severe budget crises, 150mg Valtrex. 200mg Valtrex, But the Governor is only partly correct. True, Valtrex us, Valtrex india, property taxes generally are more stable, but -- and here is the important part -- in California, 750mg Valtrex, 50mg Valtrex, it is only Proposition 13 which has rendered the property tax stream stable. Valtrex For Sale, Because California has seen some of the largest market value drops in America, our property taxes would be just as unstable as our income and sales tax revenue if it were not for Prop. 13, Valtrex usa. Valtrex ebay, Earlier this year, the governor established the California Commission on the 21st Century Economy tasked -- in the language of Sacramento -- with coming up with a plan to "stabilize revenue" to the state, Valtrex japan. Valtrex craiglist, Although the stated purpose was to adjust taxes in a "revenue neutral" manner (no net increase in taxes to government), there is little doubt that some members of the Commission would like nothing better than to impose new taxes -- including "carbon taxes" -- which would serve only to grow the size of government, Valtrex uk.
When this writer testified before the Commission earlier this year, I pointed out that Proposition 13 has been just about the only thing that has saved government, particularly local governments, in this recession. While income tax and sales tax revenue are way down by double digit percentages, property tax revenues have simply flattened out, notwithstanding dramatic drops in market value, Valtrex For Sale. True, some counties will see slightly larger drops in revenue than others, but some counties will actually see increases in property tax revenue. There are few places in all of America which can make that claim.
Here is the real irony. Our sales tax and income tax system has evolved over many years in ways dictated by our political elite and smartest policy advisors. Valtrex For Sale, Thus, the volatility that we now complain about has been brought to us by people who are oh so much smarter than the rest of us. Proposition 13, on the other hand, was sponsored by two relatively simple men, Howard Jarvis and Paul Gann, who were seeking, first and foremost, just to protect homeowners.
And this is what the myopic Sacramento political class does not understand. We did not pass Proposition 13 because it provides government with stable and expanding revenue, although most of us are pleased that it does. We passed Proposition 13 because we wanted the realistic expectation that we could hold onto our homes and property and not shudder in fear that we could be forced out into the street every time our property tax bill arrived in the mail box.
Because it is working at both protecting homeowners and has the beneficial side effect of stabilizing revenue, why on earth would anyone want to change Proposition 13? CRO
copyright 2009 Howard Jarvis Taxpayers Association
Jon Coupal is an attorney and president of the Howard Jarvis Taxpayers Association -- California's largest taxpayer organization with offices in Los Angeles and Sacramento..
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