The Most Important Vote in America – Ending the Tax Revolt in California

By: Tuesday November 6, 2012 7:52 am

Everyone (OK, every geek like me) has their own favorite downballot race or ballot initiative they’re watching in this election. I definitely think Elizabeth Warren ascending to the US Senate would be a truly unique thing. There are a couple bellweather races in the Senate (I think North Dakota will show the power of ideology [...]

Failure of California’s Prop 30 Would Mean More State-Level Austerity on a Grand Scale

By: Thursday October 25, 2012 2:44 pm

Hopes that we are at the end of the cycle of state budget cutbacks dragging on overall growth may be dashed if Proposition 30, a measure that would increase taxes mostly on the wealthiest Californians making over $250,000, fails at the ballot box in two weeks. And two polls out today find support tanking for [...]

California’s Competing Tax Measures Could Sink Both

By: Wednesday October 10, 2012 7:45 am

There are actually three tax measures on the statewide ballot. Prop 39 concerns a corporate tax loophole, and would dedicate the revenue from closing it to energy projects. That exists separately from Brown’s measure, and so both Prop 30 and Prop 39 could pass under the law. But Prop 38, promoted by millionaire lawyer Molly Munger, is a different animal. Munger’s proposition would increase overall state income tax rates to pay for schools and early childhood education. It conflicts with Brown’s increase on just the top tax rates (along with a small 1/4 cent increase in the state sales tax). So both measures cannot pass; if they both cross the 50% threshold, whichever proposition gets the most votes will get implemented.

support firedoglake
Follow FDL News Desk
TODAY’S TOP POSTS
Advertisement
FROM PR NEWSWIRE

Close