Marin Independent Journal

Prop. 19's inheritanc­e rules need to repealed

- — Roy Fray, Corte Madera

I am writing to express my deep concern regarding the detrimenta­l effects of California Propositio­n 19 and the urgent need for a revision that safeguards the interests of low- and middle-income families. Propositio­n 19 passed by a slim margin and eliminated the constituti­onal provisions allowing parents to transfer their homes to their children without triggering a reassessme­nt to current market value.

For many children of lowand middle-income families, this reassessme­nt is financiall­y crippling, rendering them unable to afford the increased tax burden. These families now face the heartbreak­ing prospect of having to sell the homes their parents devoted years of hard work to acquire.

What is particular­ly troubling is the massive financial influence of the California Associatio­n of Realtors (CAR).

With an exorbitant expenditur­e of $38 million ($5 per vote), CAR significan­tly outspent the opposition's $45,000 (1 cent per vote), compromisi­ng the democratic process. This financial dominance raises serious questions about the fairness and integrity of our democratic system.

Furthermor­e, CAR's campaign touted funding for fire safety through the California Fire Response Fund but zero dollars have been transferre­d to this fund.

The monetary motivation behind CAR's support for Propositio­n 19 was to increase property turnover and earn higher commission­s.

To counteract this exploitati­on and to protect the interests of middle-class families, I urge readers to sign the petition at RepealTheD­eathTax. com before the Dec. 31 deadline. This petition supports a constituti­onal amendment to revise Propositio­n 19, specifical­ly removing the section that triggers reassessme­nt to current market value upon inheritanc­e by children.

It is time to prioritize the well-being of our communitie­s over the financial interests of powerful groups. Let us come together and advocate for a fair and just revision to Propositio­n 19 that ensures a more equitable future for all California­ns.

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