Southern California is confronting the worst economic crisis in modern times. Across our community, the outlook looks uncertain for millions of families and countless small businesses. Amid conditions not seen since the Great Depression, voters will decide this November the fate of Proposition 15—the largest proposed property tax increase in state history.
Unless rejected by voters, Prop. 15 and the $11.5 billion tax hike it imposes will prove to be another impediment for unemployed workers counting on an economic rebound in the not-too-distant future. Prop. 15 will add another significant burden to small businesses who already face an existential crisis.
Click here to read the article in the Orange County Register.