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Proposition 120 sparks a debate over property tax cuts. Here's why it's complicated by a recent billChris Brown, a non-partisan researcher who has spent many hours examining the economic effects of Prop. 120, jokes it would probably take more than a single beer to explain all the nuances of the initiative to the average voter.
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Being able to deduct local income and property taxes, evens things out — but the House Republican plan in the works eliminates most of those reductions, meaning no tax savings.
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Republicans set up some of their most-touted tax overhaul ideas to expire in five years, but it's possible they have no intention of letting those proposals die.