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" "One of the worst scare tactics used against us during the campaign was the dire prediction—based on the phony UCLA study that Governor Brown and other politicians cited—that hordes of public employees, perhaps as many as 451,000, would be laid off if 13 passed. Well, 13 did pass. And what happened?... There have been no massive layoffs of public employees or drastic cutbacks in governmental services in California… only 19,000 employees of local governments and school districts had lost their jobs because of 13. That’s less than 2% of the 1.1 million people who work for local governments and school districts in the state.
Howard Arnold Jarvis (September 22, 1903 – August 12, 1986) was an American businessman, lobbyist, and politician. He was a tax policy activist responsible for passage of California's Proposition 13 in 1978.
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Also, I want to reduce the capital gains tax from its current level of up to 40% to a flat 15%. This would free investment capital and result in increased productivity and a decline in unemployment… Japan and Germany, for instance, have virtually no capital gains tax at all, and they have two of the strongest economies in the Western world.
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