Decreases To Business Taxes | California Primary Election | Change.vote
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Who's recommending a no vote on the Measure COpposition to the "Decreases to Business Taxes" measure includes significant voices such as the San Francisco Democratic County Central Committee, SEIU 1021, and Connie Chan, a County Supervisor. Critics argue the measure could result in a $30–40 million revenue loss, potentially impacting public services.
Strong advocacy support
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Political Parties
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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.
SEIU 1021
PC
People's Budget Coalition
SC
San Francisco Democratic County Central Committee
Connie Chan
Info sourced from public filings, verified media, and official campaign materials and summarized by AI. Learn more
A no vote retains San Francisco's current small business tax exemption at $5 million and delays the top executive pay tax rate increase until 2028.
The city will continue its existing tax structure without implementing the proposed changes, which would have exempted businesses earning up to $7.5 million and accelerated the tax increase for high executive pay from 2028 to 2027.
A no vote retains San Francisco's current small business tax exemption at $5 million and delays the top executive pay tax rate increase until 2028. The city will continue its existing tax structure without implementing the proposed changes, which would have exempted businesses earning up to $7.5 million and accelerated the tax increase for high executive pay from 2028 to 2027.
Info sourced from public filings, verified media, and official campaign materials and summarized by AI. Learn more
