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How the Feds' Tax Plan Could Impact Prop. 13

Some experts say the plan passed by the House earlier this month was carefully constructed to penalize Americans who live in Democratic-leaning states including California, Landmark's Adam Deermount tells GlobeSt.com.

By Carrie Rossenfeld | Updated on November 29, 2017

Deermount: “I think that we could end up headed for a compromise—the split roll, where residential property retains Prop. 13 protection, but commercial property does not.”

NEWPORT BEACH, CA—Some experts say the plan passed by the House earlier this month was carefully constructed to penalize Americans who live in Democratic-leaning states including California, Landmark Capital Advisors‘ managing director Adam Deermount tells GlobeSt.com. We spoke with Deermount about the proposed tax plan, how it would affect homeowners and what would happen to Prop. 13 if the plan passes.

GlobeSt.com: Could the proposed tax plan put pressure on Prop 13?

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