The Power of Tax Relief

Timothy L. Coyle
Consultant specializing in housing issues

Liberals and conservatives in California have debated endlessly over the benefits and shortcomings of taxation. More taxes produce a broader and more durable social and welfare safety net, argues one side. The other side says taxes that progress with incomes discourage initiative, enterprise and hard work.

And, as California is well-recognized as one of the nation’s higher-tax states – and maintains its appetite for more government spending – the debate is certain to continue.

But, someone will record a moment in the state’s history – earlier this year – when, for only a few months, a tax cut worked so well that everyone liked it. No kidding. Nearly the entire Legislature not only voted for it but later marveled at its success.

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