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Decreases To Business Taxes | California Primary Election | Change.vote
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A no vote maintains the current $5 million small business tax exemption without implementing the proposed increase to $7.5 million.
The city will also allow the scheduled increase in the top executive pay tax rates to occur in 2028, rather than accelerating the implementation to 2027 as proposed in the measure.
A no vote maintains the current $5 million small business tax exemption without implementing the proposed increase to $7.5 million. The city will also allow the scheduled increase in the top executive pay tax rates to occur in 2028, rather than accelerating the implementation to 2027 as proposed in the measure.
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Who's recommending un voto de no en la Measure COpposition to the "Decreases to Business Taxes" measure comes from labor unions, progressive organizations, and some city leaders, claiming it undermines essential services and benefits wealthy corporations. Key opponents include SEIU Local 1021, the San Francisco Tenants Union, and Jennifer Friedenbach. Critics argue the measure could worsen the city's budget deficit by $30-40 million annually.
Strong advocacy support
16Recomendadores
Political Parties
Media
Advocacy Groups
Elected Officials
Labor Unions
Business
SPUR
Prop C would not make significant structural changes that warrant another voter measure. It was placed on the ballot primarily to defeat Prop D. Significantly it would have a negative net impact on San Francisco's budget, reducing revenues by an estimated $30M to $40M per year at a time when the city is already scrambling to fill a $169M budget gap.
Daniel Lurie
Neither proposal would meaningfully address the city's immediate budget deficit and would fuel another divisive, expensive ballot fight.
San Francisco Tenants Union
Prop C would further devastate an already catastrophic budget deficit. Due to the passthrough of costs to tenants we cannot support this measure.
NP
Nicholas Parker
Ask yourself: why would billion-dollar corporations spend millions on a campaign claiming to protect small businesses? The only reason small businesses are mentioned in Prop C is to trick voters into approving a massive tax break for the wealthiest corporations in San Francisco.
JF
Jennifer Friedenbach
Prop C would significantly worsen the budget crisis we already face.
Bay Area Reporter Editorial Board
On its surface, Prop C may seem like it would help small businesses, but don’t be fooled. It’s a change to the gross receipts tax and the top executive pay tax that would exempt most businesses with up to $7.5 million in gross receipts. But, as opponents point out, it accelerates the so-called overpaid executive tax, which compares compensation of the highest paid executive to the median San Francisco employee. Raising the tax boosts incentives to fire lower wage workers here.
Prop C is a poison pill for Proposition D (see below) in that more votes for Prop C would prevent Prop D from taking effect if both pass.
At a rally outside City Hall last week, members of the San Francisco Minority Chamber of Commerce Foundation called for a no vote on Prop C, stressing that minority chambers of commerce were not part of the discussions to place Prop C on the ballot. (Its chief proponent is the San Francisco Chamber of Commerce.)
Opponents also pointed out that San Francisco’s economic recovery after the COVID pandemic is in process, just starting to get on the right track. Now is not the time to change the city’s tax structure, which could create uncertainty, and may unintentionally strain already challenged businesses. Vote NO on Prop C.
LF
League of Women Voters of San Francisco
Proposition C gives bigger businesses a big tax break — and our city really can't afford that right now.
San Francisco’s government is already spending more than it brings in. Because of this budget deficit, government workers are being laid off and the Mayor is planning to cut critical programs and services. Lowering business taxes now would only make things worse. The League of Women Voters supports revenue that meets the needs of local government services, so we strongly oppose Proposition C.
Already, small businesses making less than $5 million a year don’t have to pay two taxes: the Gross Receipts Tax and the Overpaid Executive Tax. Proposition C gives that same tax break to much larger, multi-million dollar businesses making up to $7.5 million a year. If Proposition C passes, the government will lose about $30 million to $40 million every year, and responsible budgeting will be more difficult. That means even more cuts to the programs and services the city’s most vulnerable residents need.
It’s important for voters to know that Proposition C is a conflicting ordinance with Proposition D. If both pass, only the proposition that receives the most votes goes into effect.
Vote NO on Prop C!
FV
Fred vonLohmann
Props C and D are dueling props about SF’s business tax system. Prop D was put on the ballot by three labor unions. Prop C was put on the ballot by SF business interests. If C passes, it would nullify D.
Vote No on both of these. Dueling partisan ballot props developed by special interests is not how we do tax policy; working through complex issues like tax policy is precisely what we have elected officials for. And those very officials crafted a well-made, consensus business tax reform package in November 2024 that we approved on the ballot: Prop M. Here’s what I said about that one:
Recognizing that SF’s business taxes had become overly complicated, too dependent on a few big taxpayers, and ill-suited for the work-from-home post-pandemic economy, Mayor Breed and Sup. Peskin in 2023 asked the Controller and Treasurer to come up with recommendations for reform. After soliciting feedback from businesses of all sizes, they put forward a plan in May 2024 that has support from nearly every quarter. This is how democracy should be done, people. Vote Yes.
Unfortunately, Props C and D provide precisely the opposite situation: dueling ballot measures, each pressed by special interests that have not taken the time to get expert input or build consensus. Vote No on both.
SM
Spencer Miller
Prop C is watered down and does nothing for SF. It's a competing bill who's sole purpose is to confuse the issue. They know that voters seeing two competing bills that they don't understand will vote no on both. It's a scam.
SEIU 1021
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