The homeowners' tax limit remains enormously popular. Liberal activists want more frequent tax assessments of commercial property, in line with actual market values. The net effect could be billions of dollars in additional tax revenues. So far, no donors have stepped forward to wage an expensive ballot battle against businesses and anti-tax groups. And it's often said that only someone with enormous political capital could tell the entire story — good and bad — of the tax revolt of 1978.

Source: Los Angeles Times January 14, 2018 08:03 UTC