what happens in 5 years when sf issue is something else like police or schools but we have to keep spending 800m on homeless?
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Replying to @markpinc @aprilaser and
dirty secret which I'm sure you already know. Someone's going to have to run another gross receipts tax reform measure in two years anyway, because it's not keeping pace with wind down of payroll tax, a shift you were a part of negotiating for.....
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Replying to @kimmaicutler @aprilaser and
Actually not true. We asked sf to stop taxing non cash comp which no other city in the us does.
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Replying to @markpinc @aprilaser and
the stock comp exemption, the mid-market exemption and the shift to payroll from gross receipts were all negotiated around exactly the same time. Similar arguments deployed. Similar people involved.
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Replying to @kimmaicutler @aprilaser and
And we had nothing to do with shift from gross receipts which was also a few years earlier.
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Replying to @markpinc @aprilaser and
Ron was part of shifting away from payroll to gross receipts bc we were the only city in California to do payroll (and there was also lack of clarity as to whether payroll included stock comp, which you/Zynga raised)
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Replying to @kimmaicutler @aprilaser and
The real policy question is do we want large companies outside of sf and will that reduce pressure on housing. Where are you on that?
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Replying to @markpinc @aprilaser and
my position has been pretty consistent for years. If we add jobs, we should add commensurate amounts of housing. At the same time, while building more housing is absolutely necessary, it is not sufficient for the lowest income quintiles, which still need public subsidy.
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Replying to @kimmaicutler @markpinc and
if Square/Stripe think the current gross receipts tax structure is unfair to them, they should take it up in whatever invariable 2020 gross receipts tax measure is run and make their case before the public. I don't think it was wise of them to oppose Prop. C.
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Replying to @kimmaicutler @aprilaser and
Youre assuming those companies will be in sf in 2020:)
1 reply 0 retweets 4 likes
less sure about Stripe. But also, I think if the industry had chipped into fund J/K in 2016 or D this past summer, both of which failed, we wouldn't be in this situation.
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