EDITORIAL BACK-STABBING PROP. 13 POLITICIANS MAKE WAR ON AN INITIATIVE THEY CLAIM TO SUPPORT.WHEN Warren Buffett Warren Buffett Known as "the Oracle of Omaha," Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making , the world's most successful investor and an economics adviser to gubernatorial candidate Arnold Schwarzenegger Arnold Alois Schwarzenegger (German pronunciation (IPA): [ˈaɐ̯nɔlt ˈaloɪ̯s ˈʃvaɐ̯ʦənˌʔɛɡɐ] , suggested that California's property taxes were too low, he stepped into a political firestorm fire·storm n. 1. A fire of great size and intensity that generates and is fed by strong inrushing winds from all sides: the firestorm that leveled Hiroshima after the atomic blast. 2. . To raise property taxes, Californians would have to overturn Prop. 13, the 1978 ballot initiative that's sacrosanct sac·ro·sanct adj. Regarded as sacred and inviolable. [Latin sacr s among the state's voters. Prop. 13 is so sacrosanct in fact, that politicians make repeated efforts to praise it whenever they can. Even Gov. Gray Davis counts himself among its supporters. But if Sacramento supports Prop. 13 so passionately, why is it working so hard to undermine it? Lt. Gov. Cruz Bustamante, for example, wants to raise property taxes on commercial-property owners to the tune of $2.9 billion a year - a direct challenge to the reforms of Prop. 13. But Bustamante's ploy is small potatoes small potatoes pl.n. Informal 1. A person or thing regarded as unimportant. 2. An insignificant amount or sum. compared with a ballot initiative that has the support of the entire spending lobby, most notably public employee unions and various Democratic front groups. The euphemistic eu·phe·mism n. The act or an example of substituting a mild, indirect, or vague term for one considered harsh, blunt, or offensive: "Euphemisms such as 'slumber room' . . . name of the proposition is the Budget Accountability Act There are a number of piece of legislation known as the Accountability Act:
Seizing on public anger over the Legislature's repeated inability to pass a budget on time, advocates of this smoke screen for higher taxes have been promoting two of the initiative's less significant provisions. The first would withhold legislators' pay should they miss the state's constitutional budget deadline. The second would lower the threshold for approving a budget from two-thirds to 55 percent. What proponents are less eager to discuss, though, is another provision that would eliminate Prop. 13's requirement of a legislative supermajority Supermajority A corporate amendment in a company's charter requiring a large majority (anywhere from 67%-90%) of shareholders to approve important changes, such as a merger. for enacting tax hikes. That way, with a mere 55 percent support, legislators could raise taxes at will. It's a difference taxpayers would feel immediately. Consider, for example, that this year the state Legislature A state legislature may refer to a legislative branch or body of a political subdivision in a federal system. The following legislatures exist in the following political subdivisions: If this measure becomes law, no one in Sacramento would even consider reining in the excesses and bloat of state government, and an ever more onerous tax system would send yet more businesses and residents fleeing from the state. The architects of Prop. 13 knew what they were doing when they made it more difficult for government to raise taxes. They knew that the spending lobby wields mighty influence in Sacramento, and that politicians have a hard time saying no. Prop. 13 was a vote of no confidence in the way Sacramento was running the state. It was an attempt to offer a sliver sliver in wool processing a continuous band of carded and combed wool which has not yet been twisted into yarn. of protection to taxpayers. Now, 25 years later, Sacramento's failures have become so big that the governor faces a recall election and nearly four out of five Californians are pessimistic about the state's future. Now more than ever, the public needs Prop. 13's protections. Politicians know better than to publicly criticize Prop. 13, even while their political allies attempt to dismantle it. Their treachery is proof that taxpayers still need all the protection they can get. |
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