Breed’s oddly conservative attack on income taxes

tim redmond : 48hills – excerpt

Supes will start to look at Trump’s budget after board prez makes surprisingly conservative speech against progressive taxes

So now we know for sure what Donald Trump and the Republicans have in mind for their first budget:  Cut everything that is good for cities, for the environment, and for poor and working-class people, and give more money to the rich and the military. (Oh, and to his weekends in Florida, which will cost the government more than the cuts to senior services and the arts.).

We don’t know exactly yet how much this will cost San Francisco, but it’s going to be a big number. And equally important, San Francisco will need to spend more money, not less, on protecting vulnerable communities; just think about health care, and how many more people will be lining up at SF General if the Affordable Care Act is repealed.

So far, the mayor hasn’t said much about how he’s going to address the problem, but we will hear from his office, and from the controller, Thursday/23 at a special Budget and Finance Subcommittee hearing. It starts at 1pm in the Board chambers…

Today, San Francisco has some of the worst economic inequality in history, and is up there with countries like Rwanda for radical gaps between the rich and the poor. It’s an embarrassment – and one reason for the high housing costs and huge numbers of homeless people on the streets…(more)

There are a few ideas floating around City Hall about raising revenues, most having to do with increasing taxes one way or another. It will be interesting to see which scheme wins approval at City Hall this time. It will also be interesting to see how the voters feel about taxing themselves. Rejection of the sales tax increase proved that. They seem more likely to favor increasing taxes on the wealthy. The hungry SFMTA may have to take a seat in the back if voters find it more important to replace federal funding for health care, housing and food. There is also widespread concern over loss of funding for the environment, education and the arts.

 

Voters had no stomach for raising sales tax last time they faced that choice. So far they seem to favor taxing the rich. Of course a lot of these options depend on changes in Sacramento. We anticipate a lot of public debate before this is settled. Outrageously high public servant salaries (over 100K plus 50K in benefits) do not help City Hall’s argument that it needs more money. The high salaries add to the pension problem that we know is looming large. These are issues that should be addressed before City Hall asks for more taxes.

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