Nick Reed 07.23.26 - Amendment 5 Q&A with Rep. Bishop Davidson

Hour 3 -Rep. Bishop Davidson fills in for Nick Reed this morning. Here's what he covers this hour:If you missed Bishop's Amendment 5 overview, click HERE.You can also view sample ballots by CLICKING HERE.Bishop is one of the architects behind Amendment 5, and has been working on this for many years now.He addresses your concerns and questions regarding Amendment 5.Here are just some of the questions that he answers from listeners in this hour:Will getting rid of the income tax eliminate loopholes in the system and make it fairer for everyone, not just the wealthy?Can cities and counties also raise taxes?We are retired and currently pay no state income tax. Why should we support 5?Will food tax also be raised?Will labor be taxed? Labor on landscapers, construction laborers, auto repair, fence builders, etc.Under Amendment 5, will taxes on RMD (required minimum distributions) be phased out?I currently get a tax credit for helping fund a children's home. How will amendment 5 impact that as income taxes are slowly eliminated?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.