Last Updated on October 20, 2020 by admin
[ad_1]
One other late-appearing big-money entrance group has proven up in San Francisco with mailers attacking three tax measure on the November poll, together with a measure that has the assist of the mayor and just about everybody else at Metropolis Corridor.
The group is known as “Fed Up SF,” and it hasn’t filed any paperwork with town’s Ethics Fee.
As an alternative, it filed as a Slate Mailer Group with the Secretary of State, a tactic some teams have used prior to now to make it more durable for folks to determine the funding supply.
However the paperwork make it very clear: All the roughly $200,000 the group has raised and spent as of yesterday got here from the San Francisco Chamber of Commerce and Neighbors for a Higher San Francisco, which is funded partly by huge GOP donors.
The brand new mailer not solely assaults the three native tax measures, it helps Prop. 22, the Uber and Lyft measure that might overturn state regulation and permit the businesses to maintain treating their employees as impartial contractors.
There may be to date no cash from these corporations within the filings, however on condition that they’ve put up greater than $180 million to cross Prop. 22, it’s probably we’ll see a few of it flowing to Fed Up SF.
The three measures they’re attacking are Propositions F, I and L. Prop. F is a change in the way in which town assesses enterprise taxes that’s fairly delicate and has virtually unanimous assist at Metropolis Corridor. The mayor and the supes got here to an settlement on a solution to shift taxes from payroll to gross receipts and make the burden extra honest; underneath the prevailing system, tech corporations pay decrease taxes than, say, retail or eating places.
And tech corporations are the one ones doing properly on this pandemic.
So the concept Prop. F will harm native enterprise is a little bit of a stretch; numerous native companies would do higher underneath the brand new guidelines.
It’s not a shock that the Chamber and the GOP donors hate Prop. I, which might power the likes of Donald Trump to pay larger taxes if he sells his share of the Financial institution of America Constructing, and Prop. L, which might elevate taxes on corporations that pay their CEOs greater than 100 occasions what they pay their staff.
But it surely’s clear that the polling reveals San Franciscans supporting these measures, so the big-business and GOP cash has to come back in on the final minute, by way of yet one more entrance group, to fund these assaults.
[ad_2]
