But they slipped one sentence into that bill that says that the amount of money the state can keep increases by 1%, compounding, compounding annually. So what that means is in 10 years the state could keep about 1.3, $1.3 billion. And In 30 years, the state can keep an additional $17 billion annually that should have been refunded back to the folks. In effect, what this does is it allows the left to say, oh no, we didn't repeal the Taxpayer Bill of Rights. It's still on the books, which it would be. (02:19–02:30)
CLAIM
Asserts that Proposition HH could allow the state to retain $17 billion annually in taxpayer refunds in 30 years.
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