Posts Tagged ‘loophole’

If Eric Mar’s “Tech Tax” is a “Job-Killing Measure,” Then Why Did Former Mayor Gavin Newsom Sign a Very Similar Tax into Law in 2004?

Wednesday, June 29th, 2016

Here you go, the News of the Day:

3 SF supervisors move to put tech tax on November ballot By Emily Green

And here’s the reaction:

I am appalled at the political vindictiveness of this proposed measure,” said Alex Tourk, a spokesman for San Francisco Citizens Initiative for Technology and Innovation, a coalition of tech companies.

Supervisor Mark Farrell called it “the worst idea I’ve heard in months.”

Deirdre Hussey, spokeswoman for Mayor Ed Lee, called it a “job-killing measure.” She added that the measure “upends the grand bargain” made between business and labor that ultimately led voters to eliminate the payroll tax in 2012.

And let’s note that:

[District One Supervisor Eric] Mar’s proposal would deem stock option compensation when a company goes public as taxable payroll.

All right, all I’ve done so far is simply read the news to you. But now let’s travel back to a time when former Mayor Gavin Newsom, another Right-Of-Center Willie Brown Appointee Who Somehow Ended Up Mayor, signed into law the very same 1.5% stock options tax. So put on your white shoes and dance the blues – it’s Pillsbury, bitches:

3/26/2004

On February 19, 2004, San Francisco Mayor Gavin Newsom approved recent changes to San Francisco’s Business Tax ordinance adopted by the Board of Supervisors on February 19, 2004. These changes become effective March 20, 2004, 30 days after signing by the Mayor.

…the amendments also contain significant changes such as … including stock options in the definition of payroll expense.

So, was Gavin Newsom’s stock options tax a “job-killing measure” back in 2004 the way the same tax is being portrayed here in 2016?

That’s my question – I don’t know how ppl would answer.

But I’m thinking that if this 2016 proposal gets enacted and you’re a “tech* company,” whatever that is, going IPO in Frisco will cost you millions, just as Gavin Newsom wanted back in aught-four.

So that means that Gav was a job killer, right?

*What’s a tech company? IDK. What’s a pit bull?

Once Again, Plastic Bags Disappear From Lucky Supermarkets in San Francisco

Monday, May 3rd, 2010

It’s hard to keep up with this issue, but tout de suite, those black plastic bags you could get at Lucky Supermarkets in the 415 are now all gone (along with the concomitant metal hardware that held the bags open for easy loading).

Paper bags with handles are the new order of the day, apparently.

See?

Click to expand

Local pols seem to have regarded these black bags as a kind of loophole in the plastic ban – that might have triggered the recent change.

Speaking of change, the reusable white bags from a few years back didn’t work out neither.

On it goes…