November 2012 Election, California, Proposition 38
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Vote Recommendation: No
I am not of the opinion that the government needs any more money to misuse. I also don't like the concept of the income tax.
See: November 2012 Election, California
Details
Tax for Education and Early Childhood Programs.
Initiative Statute
- Summary
Increases taxes on earnings using sliding scale, for twelve years. Revenues go to K–12 schools and early childhood programs, and for four years to repaying state debt. Fiscal Impact: Increased state tax revenues for 12 years—roughly $10 billion annually in initial years, tending to grow over time. Funds used for schools, child care, and preschool, as well as providing savings on state debt payments.
External Resources
- Voter Information Guide - Secretary of State
- Official Title and Summary - Secretary of State
- Analysis - Secretary of State
- Arguments and Rebuttals - Secretary of State
- Text of Proposed Law - Secretary of State
- California Proposition 38 - Ballotpedia