Initiatives

Prop 55: Tax Extension Implemented by Prop 30

7.08.2016 | Initiatives

Ballot Title

Tax Extension to Fund Education and Healthcare. Initiative Constitutional Amendment.

Summary

Prop 30 was a proposition in 2012 that was to be in effect for 7 years until the end of 2018. The Prop 30 extension would push the end date until 2031. This extension will not include raising California’s sales tax. Taxes on those making more than $250,000 a year were raised with Prop 30 and would be extended until 2031 under the extension.

Arguments For

“Proposition 30 asked California’s top income earners to pay a bit more in personal income tax to restore funding to education after years of devastating cuts. It is imperative that the state legislature and the governor act to make it permanent.” – Joshua Pechthalt, President of California Federation of Teachers

Arguments Against

“For those who don’t remember, Proposition 30, titled the Temporary Taxes to Save Education Act, imposed the highest income tax rate in America… there is also clear evidence that businesses and upper income individuals are fleeing the state in response to high taxes.” – Jon Coupal, Howard Jarvis Taxpayers Association

Supporters Website

Opponents Website

Click here to read the text initiative


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