Small Property Versus Big Government

Small Property Versus Big Government

Author: Clarence Y. H. Lo

Publisher: Univ of California Press

Published: 1995-01-01

Total Pages: 316

ISBN-13: 9780520200289

DOWNLOAD EBOOK

Tax reformers, take note. Clarence Lo's investigation of California's Proposition 13 and other tax reduction bills is both a tribute and a warning to people who get "mad as hell" and try to do something about being pushed around by government. Homeowners in California, faced with impossible property tax bills in the 1970s, got mad and pushed back, starting an avalanche that swept tax limitation measures into state after state. What we learn is that, although the property tax was slashed, two-thirds of the benefits went to business owners rather than homeowners. How did a crusade launched by homeowning consumers seeking tax relief end up as a pro-business, supply-side political program? To trace the transformation, Lo uses the firsthand recollections of 120 activists in the movement, going back to the 1950s. He shows how their protests were ignored, until a suburban alliance of upper-middle-class property owners and business owners took charge. It was the program of that latter group, not the plight of the moderate-income homeowner, which inspired tax revolts across the nation and shaped the economic policies of the Reagan administration. Tax reformers, take note. Clarence Lo's investigation of California's Proposition 13 and other tax reduction bills is both a tribute and a warning to people who get "mad as hell" and try to do something about being pushed around by government. Homeowners in California, faced with impossible property tax bills in the 1970s, got mad and pushed back, starting an avalanche that swept tax limitation measures into state after state. What we learn is that, although the property tax was slashed, two-thirds of the benefits went to business owners rather than homeowners. How did a crusade launched by homeowning consumers seeking tax relief end up as a pro-business, supply-side political program? To trace the transformation, Lo uses the firsthand recollections of 120 activists in the movement, going back to the 1950s. He shows how their protests were ignored, until a suburban alliance of upper-middle-class property owners and business owners took charge. It was the program of that latter group, not the plight of the moderate-income homeowner, which inspired tax revolts across the nation and shaped the economic policies of the Reagan administration.


Property Tax Assessment Limits

Property Tax Assessment Limits

Author: Mark Haveman

Publisher:

Published: 2008

Total Pages: 0

ISBN-13: 9781558441675

DOWNLOAD EBOOK

This policy focus report examines options that exist for timely and efficient aid to needy taxpayers, including circuit breaker programs that reduce taxes based on income level; truth in taxation measures; deferral options on property tax payments; partial exemptions on owner-occupied or homestead properties; and classified tax rates.


A Good Tax

A Good Tax

Author: Joan Youngman

Publisher:

Published: 2016

Total Pages: 260

ISBN-13: 9781558443426

DOWNLOAD EBOOK

In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.


House of Debt

House of Debt

Author: Atif Mian

Publisher: University of Chicago Press

Published: 2015-05-20

Total Pages: 238

ISBN-13: 022627750X

DOWNLOAD EBOOK

“A concise and powerful account of how the great recession happened and what should be done to avoid another one . . . well-argued and consistently informative.” —Wall Street Journal The Great American Recession of 2007-2009 resulted in the loss of eight million jobs and the loss of four million homes to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as less dramatic periods of economic malaise, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi. We can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing today’s economy: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?


The New Suburban History

The New Suburban History

Author: Kevin M. Kruse

Publisher: University of Chicago Press

Published: 2006-07-15

Total Pages: 301

ISBN-13: 0226456633

DOWNLOAD EBOOK

Introduction: The new suburban history / Kevin M. Kruse and Thomas J. Sugrue -- Marketing the free market : state intervention and the politics of prosperity in metropolitan America / David M.P. Freund -- Less than plessy : the inner city, suburbs, and state-sanctioned residential segregation in the age of Brown / Arnold R. Hirsch -- Uncovering the city in the suburb : Cold War politics, scientific elites, and high-tech spaces / Margaret Pugh O'Mara -- How hell moved from the city to the suburbs : urban scholars and changing perceptions of authentic community / Becky Nicolaides -- "The house I live in" : race, class, and African American suburban dreams in the postwar United States / Andrew Wiese -- "Socioeconomic integration" in the suburbs : from reactionary populism to class fairness in metropolitan Charlotte / Matthew D. Lassiter -- Prelude to the tax revolt : the politics of the "tax dollar" in postwar California / Robert O. Self -- Suburban growth and its discontents : the logic and limits of reform on the postwar Northeast corridor / Peter Siskind -- Reshaping the American dream : immigrants, ethnic minorities, and the politics of the new suburbs / Michael Jones-Correa -- The legal technology of exclusion in metropolitan America / Gerald Frug.


California Comeback

California Comeback

Author: Narda Zacchino

Publisher: Macmillan

Published: 2016-08-16

Total Pages: 337

ISBN-13: 1250100895

DOWNLOAD EBOOK

An in-depth look at California's remarkable 21st century turnaround, focusing on the role played by the state government under Jerry Brown. In the most economically important state in the country—and the 7th largest economy in the world—a political revolution of historic importance has occurred which has not been sufficiently covered by the media. In the state where the Reagan Revolution was born, there has recently occurred a remarkable progressive revolution under the leadership of another governor, four-term Democrat Jerry Brown. Over the past several decades, as it has evolved from a red state to solid blue, California has boldly reinvigorated the notion that government is not a dirty word but rather an instrument for uniting people and improving their lives. From raising taxes on those with annual incomes over $250,000, to shifting money toward the schools in low-income communities, from seeking environmental alliances with other countries to limit climate change, to the rejection of militaristic solutions to illegal immigration, California has been a laboratory of innovation. Californians have rejected the "race to the bottom" right-wing philosophy that catapulted conservative politics in recent years. That model of endorsing privatization, deregulation, reductions in government spending, and a tax system that disproportionately favors the wealthy, is exemplified by conservative governors and rejected by the pragmatic liberal Jerry Brown. In California Comeback, award-winning journalist Narda Zacchino, who has covered California politics for over three decades, clearly lays out the history of California's initial experiments with progressivism under Brown, its swing to the right under Reagan, near financial collapse under Schwarzenegger, and recent return to stability—bulwarked but the progressive policies made possible by the second coming of Jerry Brown. This progressive mindset, forged in the crucible of the tumultuous last half century, is California's true contribution not only to the country, but to the world.


The Encyclopedia of Taxation & Tax Policy

The Encyclopedia of Taxation & Tax Policy

Author: Joseph J. Cordes

Publisher: The Urban Insitute

Published: 2005

Total Pages: 522

ISBN-13: 9780877667520

DOWNLOAD EBOOK

"From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.