San Francisco, Mountain View and East Palo Alto have all placed measures on the November ballot that would tax big companies to fund new housing and infrastructure projects. Proponents of the taxes argue something must be done to address the region's low housing stock, growing inequality and crumbling infrastructure. Opponents say companies will leave the Bay Area if the cost of doing business here keeps rising. We’ll hear about the measures that could pit cities against powerful tech companies.
Guy Marzorati, reporter, KQED's California Politics and Government Desk
Lenny Siegel, mayor, city of Mountain View
Jim Wunderman, president and CEO, Bay Area Council
San Francisco Proposition C
"This would really target companies that are bringing in over 50 million dollars. This is an increase in the gross receipts tax at about an average of a half percent. And smaller companies would pay less, bigger companies pay more. And then the city's biggest companies would pay this through a payroll tax." - Guy Marzorati
"The federal government gave [companies] a huge cut in the corporate tax rate from 35 percent to 21 percent. These companies now have a huge amount of cash on hand. At the same time we've seen the federal government not invest in housing at the urban level. And so the proponents of these measures and Proposition C in San Francisco have said it's going to be up to these companies and the money that they have on hand to solve our local problems." - Guy Marzorati