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April 13, 2012

"Don’t Blame Proposition 13"

"Profligate spending, not property-tax reform, has put California in a hole."

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Terry Pratt

I blame Prop 13 for a number of things, but NOT this.

I blame Prop 13 for the number of local rent control ordinances which were adopted after rents soared despite the large property tax cut.

I blame Prop 13 for doing nothing to protect renters from being taxed out of their homes while claiming to protect people from being taxed out of their homes.

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