Voters will go to the polls soon in states and municipalities to decide ballot issues of significance for individual liberty, limited government, and sound public administration. Some highlights (via Ballotpedia and Bolts):
Front and center for tax-watchers is the proposed California Proposition 40 wealth tax, criticized here in numerous pieces, including this policy analysis. Unusually steep by international standards at 5 percent, the measure would also defy widespread notions of legal regularity by reaching back retroactively to tax assets as of January 1, 2026, of persons who’d already moved out of state before the law’s enactment. Bad stuff.
Colorado’s Amendment 87 would replace the state’s flat 4.4 percent income tax with a graduated tax; it faces a counter-proposition that would freeze the existing flat rate. Iowa, Missouri, North Carolina, and Washington will all consider measures to freeze, roll back, or discourage increases in income tax rates. Adam Michel lately discussed the success of state flat taxes.