Topics

John A. Perez

State Controller Betty Yee wants tax reform that relies less on the top 1%

State Controller Betty Yee wants tax reform that relies less on the top 1%

New state Controller Betty Yee is not your typical politician. She's boldly sticking her neck out on a continuous issue bound to cause grief. The issue is tax reform, a taboo subject for most elected officials. At least, the comprehensive reform — not merely cutting taxes and creating loopholes — she's talking about. She wants to broaden the tax base, collecting from more people and relying less on the top 1%. "It's not because I don't want to tax the rich," the Democrat says. "It's just that I don't think it's sustainable" to perpetually bank on the wealthy as cash cows for the state treasury. There's plenty of...

Loading
83°