Arthur Laffer Paul Wassgren DLA Piper GlobeSt.com: Why are you optimistic that California won't see any significant negative impacts from the recent tax reform? Paul Wassgren: Globest.com: Laffer and others believe that high-income residents will leave the state as a result of the increase in property taxes. What is your response? Wassgren: GlobeSt.com: With both home prices and rental rates rising rapidly, will the tax plan put more pressure on lower-income residents and encourage an exodus of this demographic out of California? Wassgren: GlobeSt.com: Some research estimates that California homeowners will pay $6,000 more in property taxes. You mentioned the tax plan will benefit companies that can potentially pass those proceeds onto workers. Will this be enough to offset the increase in property tax fees? Wassgren: GlobeSt.com: Is there any talk of tax reform at the state level to ease the impacts on homeowners? Wassgren:
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Kelsi Maree Borland
