Watch out, businesses, if taxes lose in June
Blog by John Fensterwald/Educated Guess
Business leaders on the fence on whether to push Republicans to join Democrats in putting tax extensions on the June ballot should consider what might happen if the measures fail. Democratic Sen. Joe Simitian is telling them they’ll probably face voter-led tax initiatives in November they’ll find far less palatable – an oil severance tax or even a challenge to Proposition 13 that raises property taxes on commercial property; it’s known as a split roll tax. Simitian offered that pragmatic advice during an education forum for his constituents earlier this week in Palo Alto and then in a video interview with me. (more...)