Well right now they can raise the valuation, the assessment by 10% a year on small businesses or any business. But the small we care about This cuts that in half. So it's a 50% reduction in their tax exposure compared to current constitution and current law. So that's a huge thing for peace of mind, I think for businesses. I never bought the idea that local governments would want to jack it up on business because you kill the golden goose, right? (56:34–56:43)
CLAIM
Asserts that the proposed measure would reduce business tax exposure by 50%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
