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  • Prop. 15 Fails: Voters Reject Largest Tax Hike in California History

    By  CalChamber  - November 12, 2020
     

    Proposition 15, the largest property tax increase in California history, was declared defeated yesterday evening by a margin of more than 550,000 votes.

    The defeat of Proposition 15 ends an attempt by public employee unions to dismantle major portions of Proposition 13, the most important tax protection measure left in the highest tax state in the country overwhelmingly passed by voters more than 40 years ago.

    “California voters understood the very real threat Proposition 15 presented to small businesses, farmers and consumers,” said Allan Zaremberg, president and CEO of the California Chamber of Commerce. “Voters in California smartly recognized that enacting the largest tax hike in California history would have been devastating to jobs, our economy and California’s future competitiveness.”  Read More