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California / Property Tax Referendum #258110

CBS Evening News for Tuesday, May 30, 1978
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(Studio) Upcoming referendum vote in California and its important to politicians across nation reported.
REPORTER: Walter Cronkite

(Los Angeles, California) Californians' discussion of revolution against taxes and government [PEOPLE - state displeasure with taxes; one compares it to Boston Tea Party] Incr. in home prices and property tax assessments in California outlined; details given of proposal on ballot that would cut these taxes. Is noted that proposal is called Proposition 13 and that polls say millions -of Californians plan to vote for it. Effect of proposition's passage on state and county tax revenues reported [PEOPLE - state concerns about further tax problems if proposal passed.] California political and business community support for legislature's proposal, Proposition 8, which is modification of Proposition 13, cited; details of legislature's proposal given. Prop. 8 opposition's warnings of effects of passage in Los Angeles, San Francisco and thruout state cited. [PEOPLE - state positions on issue.] Governor Jerry Brown's opposition to Prop. 13, polls' report that it seems to be winning and Brown's apparent resignation to Prop. 13 being passed noted. Recent property reassessments and resulting higher taxes in Los Angeles Cnty. mentioned. [PEOPLE - respond to higher tax rate.
REPORTER: Terry Drinkwater

Reporter(s):
Cronkite, Walter;
Drinkwater, Terry
Duration:
00:04:50

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