What taxpayers should know about the interim balance sheet – Daily Breeze

As is the case with the California election, we won’t know the results of many important races for days, if not weeks. But we can already see some notable trends that are particularly relevant to taxpayers.

First, since California remains in the grip of one-party rule, Republicans are irrelevant in statewide contests for office. As evidence, look at the race for state comptroller, one of the most important constitutional offices. The Controller is the state’s chief financial officer, acts as the state’s accountant and oversees local government finances.

Lanhee Chen, a Republican, ran as a non-ideological policy expert who could have offered real accountability to California taxpayers. He was endorsed by every major newspaper in California, and while he’s doing slightly better than other top Republicans, it’s clear that most Californians, regardless of competency, voted for the party line.

Second, grassroots activism is still important. The Howard Jarvis Taxpayers Association worked to prevent several statewide tax hikes, including Measure SP in Los Angeles. Measure SP was a $6.8 billion package tax that was said to have gone to Parks, but the language was so vague that both that newspaper’s editorial board and the progressive Los Angeles Times opposed it.

The HJTA, the business community and other grassroots allies have been working hard to raise awareness against the measure, and it looks like it is headed for a significant defeat. Homeowners remain a powerful political force and would be even more powerful if they realized their potential to influence elections.

Third, those who are perceived as “wealthy” are vulnerable. While the HJTA successfully defeated Measure SP, it doesn’t look like they were successful in their campaign against Measure ULA – also in Los Angeles. Measure ULA collects taxes on more than $5 million in real estate sales to fund homelessness prevention programs.

On the surface, Measure ULA only seemed to affect the very wealthy, and since it’s someone else’s money, why not? (In truth, it affects the sale of homes, supermarkets and businesses, increasing costs for renters and consumers.)

Fourth, like it or not, Gov. Gavin Newsom is in the Catbird seat. The ULA measure proves that a proverb stands true, Californians agree to raise another’s taxes. With that in mind, it seems likely that Gov. Newsom’s opposition to Prop. 30, a tax hike for high-income Californians to fund EV subsidies, was a key factor in the measure’s defeat.

Fifth, The Beatles remind us that money can’t buy love. Lyft spent nearly $50 million to get Prop. 30 through and failed. Meanwhile, the proponents of both gambling initiatives are Props. 26 and 27, spent more than $400 million on their initiatives (and against each other). Both lose badly.

Sixth, voters are interested in the games SEIU plays. Please no further dialysis initiatives. Prop. 29 would have been expensive for patients, clinics and taxpayers. It loses by almost 70% and fails in every single county in the state.

As mentioned at the beginning, any observations made about the midterm elections in California in the first week must be taken with caution. There are still many ballots to be counted and the results could be significantly delayed.

For taxpayers in general, California remains hostile territory. The lack of any movement towards fiscal sanity will no doubt cause thousands more companies and individuals to leave the state and move to places of superior governance. This includes not only tax and spending issues, but also the ability to conduct an election efficiently. Note that Florida completed its count on election night. Just say.

Jon Coupal is President of the Howard Jarvis Taxpayers Association.