Macy’s Abandons Prop. 13 Appeal
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R. H. Macy Co., which owns Bullock’s and I. Magnin in Southern California, dropped its legal challenge to Proposition 13, California’s property-tax-cutting initiative (front page, June 8). Business organizations in California had attacked Macy’s move. They said it had the potential to force a massive increase in tax bills.
Unless all of us have a massive increase in tax bills, the federal and state governments will collapse and the American dream will end.
T. WILLARD HUNTER, Claremont
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