Daily Journal endorsements

Proposition 14: Authorizes $5.5 billion to fund grants from the California Institute for Regenerative Medicine for stem cell research. In 2004, Californians agreed to allow the state to borrow $3 billion to fund stem cell research and to launch the California Institute for Regenerative Medicine. At the time, the Bush administration had cut funding for such research and there was a promise that the research would yield tremendous medical advances. While advances have been made, it is time for the institute to find its own funding through other means. NO.

Proposition 15: Increases funding for schools and governments through a new tax formula that will base the rate of certain commercial properties on current market value. About $6.5 billion to $11.5 billion would be raised each year. While it is difficult to say no to new funding for local services and schools, this fix is a half measure to solving the state’s dysfunctional tax system. Many suggest there should be changes to Proposition 13 but don’t have the will to replace the current system with one that works best for all. This measure ostensibly would not raise taxes on small businesses but there would be pass-through taxes and those businesses with triple net leases would be seriously affected. It is better to reform the entire system through the Legislature and have the voters decide on that. NO.

Recommended for you

Recommended for you

(1) comment

aurosharman

Your "no on 15" is making the perfect the enemy of the good. The legislature will never, ever get the courage to put a full overhaul of the Prop 13 rules onto the ballot, and even if they did, the same special interests that are sponsoring the campaign of lies against Prop 15 would come out in force and convince people that the legislature's changes are evil. Are there details of 15 I might tweak? Sure. But if you're sick and tired of giant corporations paying almost no taxes on multi-billion-dollar properties, you should vote Yes on 15.

https://www.sfweekly.com/news/prop-13-the-building-sized-loopholes-corporations-exploit/

Welcome to the discussion.

Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.

Thank you for visiting the Daily Journal.

Please purchase a Premium Subscription to continue reading. To continue, please log in, or sign up for a new account.

We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.

A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!

Want to join the discussion?

Only subscribers can view and post comments on articles.

Already a subscriber? Login Here