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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: DavesM who wrote (451810)	9/2/2003 8:39:32 PM
From: Lizzie Tudor	Respond to of 769670

the point is that revenues from property taxes are so low that we now have prop 98 to fund schools at 50% of total tax receipts. The reason we have high income taxes AND sales taxes is because we have low property tax revenue. And we can't raise income or sales taxes much higher than they already are, right? All I'm saying is, the jobs are gone so the subsidy that homeowners were getting from the SV jobs boom is gone. We now need people like Warren Buffett and longtime property owners to pay for their keep. The alternative is to cut services, repeal prop 98 and close some universities, also an option.