Word: rollback
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Dates: during 1970-1979
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...issue of property tax relief had dominated virtually all of the contested state House and Senate campaigns, with most candidates promising to support either a Proposition 13-style tax rollback or a more moderate form of tax relief. Some younger Senate candidates also pledged to democratize Senate rules...
This would give a new governor eight weeks from the convening of the first legislative session to submit his budget proposals, instead of the current three-week limit. With Ed King taking two months just to figure out what kind of half-baked rollback in property taxes he can get away with, this budget time limit looks right on target...
...Jarvis proposition would check such increases by limiting the tax on all property, commercial as well as residential, to 1% of its market value. If a house has not been sold since 1976, the cash value would be whatever appeared on the public records in that year-another rollback from current sales values. The proposition would limit any tax raise by local governments to 2% per year and require any new statewide taxes to be approved by a two-thirds vote of the legislature...
Spontaneous taxpayer crusades are popping up from Connecticut to Oregon. In Idaho and Arizona, homeowners are pushing petitions to limit property taxes. In Florida, a proposed state constitutional amendment would force a 29% rollback in local property taxes and require a two-thirds vote of the legislature to increase taxes in the future. Legislatures in at least ten other states are considering property-tax relief of one form or another...
...thing that decidedly will not be in the program is any rollback of giant Social Security tax increases already legislated to take effect beginning next year. The House Democratic caucus voted last week to press for a reduction -mostly out of simple fear of voter anger, but also on the well-justified philosophical ground that the tax is inflationary (it will raise businessmen's payroll costs, and the increase will be passed on in higher prices). Carter, however, just does not want to reopen the subject. He told congressional leaders last week that doing so would be "a very...