Senator Ted Gaines (R-El Dorado) today recognized the 39-year anniversary of Proposition 13, which California voters overwhelmingly passed to reduce property tax rates on homes, businesses and farms and cap the rate of future increases.
“Legislative Democrats are determined to squeeze every last cent from California taxpayers. They just imposed the new $52 billion gas tax, we have some of the highest personal income taxes in the country and the highest corporate tax in the West,” said Senator Gaines. “We must do everything we can to preserve and maintain Proposition 13, one of the very few protections taxpayers have left.”
Senator Gaines is the co-author of Senate Resolution 39, which commemorates the passage of Proposition 13 on June 6, 1978. Prior to Proposition 13, California property taxes were out of control. People were losing their homes because they could not pay their property taxes, yet government did nothing to help. Senate Resolution 39 highlights the problems homeowners, small businesses and renters faced with crushingly high property taxes, and commemorates the positive impacts since Proposition 13’s passage.
“Proposition 13 has made California stronger. Over the past 39 years, it has helped the average homeowner and small business save tens of thousands of dollars annually in property tax payments, money that was put back into the economy to create jobs and foster economic development,” said Senator Gaines. “I will continue fighting to protect Proposition 13 for the millions of California families and businesses that are getting nickeled and dimed to death.”