Unlike Brock's measure, which sunsets in ten years with a possible five-year extension, Himmelrich's tax, the argument notes, "will never end."

The Mayor's measure will also "hurt local churches and charitable organizations by forcing them to pay hundreds of thousands in new taxes instead of using funds for programs providing assistance to those in need."

And the funds raised by Himmelrich's measure will bankroll "costly government-built housing" that benefits "those developers who get these lucrative government contracts."

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2022/August-2022/08_10_2022_Opposing_Arguments_Promise_Bitter_Transfer_Tax_Battle.html