Page 2 - Prop 13 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Since we are talking on a day where california votes, prop 13 which was a property tax roll-back which was like the election of margaret thatcher in great britain, far shadow the great revolution in 1981. it was in 1981, that ronald reagan signs the roll back of taxes and dropped the marginal rate of 28%. the highest its gone since then is 41%. what president biden and also the house and ways and means committee is proposing is still within that conventional realm. i think that's for what it's worth that's important to remember as conservatives scream bloody murder about these evil tax collect...

Despite Prop. 15’s defeat, Californians can still hold big business accountable: Fair tax reform can address the growing inequality in the state, former tech executive Karen Edwards says.

That's effective to a point, but the other side, the democratic party, my own campaign, we'll get our message out and i think at the end of the day, people will know enough to pick the person they think can best win this state now. >> the people in california haven't had a lot of faith in politicians over the year, they have gotten their feet into actual legislation, prop 13, term limits, add it all together, using the recall, all that stuff together, has that been good for california, all this effort to keep refining and refining and messing with it as amateurs, has that been a good political...

>> reporter: the day ends with a taping of a superintendent's public television show. cortines is the host. >> thank you, and thank you both for joining me. >> thank you. >> reporter: ted rowlands, cnn, los angeles. last may californians voted down 5 of 6 budget propositions designed to reduce the state deficit. among other things, they rejected propositions included increasing the state's reserve fund, redistributing money made from the lottery, and increasing the personal income tax on people making more than $1 million a year. many people point to the passage of proposition 13 back in 197...