Some other folks are definiely behind your plan—See AB293.
http://www.boe.ca.gov/legdiv/ptleg/pdf/ab0293-1rk.pdf
The link also includes a bunch of the history on prior attempts at changing the exemption.
PS... I didn’t know any of this, I just use google a lot. LOL
Now all he has to do is multiply by 10.
Good to see he's working on it. Would be better to go back to the initiative process again.
Bet there's a lot of people out there who are seriously in need of relief....like the folks who are facing re-sets on their mortgages.
Thanks for Googling!