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CA Dems split: Tax the rich, or borrow big?

Emily Hoeven  |  August 7, 2020

By Emily Hoeven, includes “… The party’s progressive wing is pushing a bill that would permanently raise taxes on millionaires and is also backing Prop. 15 on the November ballot, which would hike taxes on large commercial properties. Meanwhile, the party’s moderate wing is advancing a $100 billion ‘no tax’ proposal that would borrow money from the feds and encourage Californians to pre-pay income taxes in exchange for future vouchers.”

Read the full article on: CalMatters

 
 
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