September 28, 2020
by Source
By Colleen O’Connor
What a blockbuster ending to the final episode of the final season of the Trump Show.
It all came down to money. But, then that is how it all started, too. He ran for office, so the rumors go, (and now seem prophetic) as a “branding exercise.” He was in debt with no stocks, assets, or other liquid assets to cover the come due bills.
Trump did not plan on winning. He needed to rebrand his name; get more money from licensing the Trump name on towers, golf courses, and of course, the ultimate scheme, “Trump Tower Moscow.”
For that possible gift of land, Trump would build a skyscraper of condos, exclusively for the Russian 0ligarchs. The penthouse would be a gift to Putin.
Only problem, those pesky tax returns have now interfered. You know the ones. Those “under audit” so he couldn’t release them. He wanted to, but moaned, “I am prohibited from doing so without permission from the IRS. I am under audit.”
Those same taxes thought to be part of the of Special Counsel’ investigation. Only, Mueller neglected to investigate them. The same taxes about which Trump often boasted, “Only stupid people pay taxes.”
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September 28, 2020
by Jim Miller
By Jim Miller
With the economic and budgetary crisis in the wake of the COVID-19 pandemic, many of us are anxious about upcoming budget cuts at the state and local levels that will harm education and local services. It can be a helpless feeling waiting for the shoe to drop, but, in this case, with Proposition 15 on the ballot this November 3rd, there is something we can do about it—pass Prop 15 and bring billions of dollars of new, ongoing revenue into the system.
Proposition 15 will require that commercial property valued at more than $3 million be reassessed at fair market value every three years.
- This closes a loophole that large corporations have used for decades to avoid paying their fair share of property taxes.
- The richest 10% of corporate properties will provide 92% of the revenue.
- Prop 15 specifically exempts all residential properties and agricultural land, maintaining full Prop 13 protections for homeowners, renters, and agriculture.
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