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

References

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