A second ballot initiative that aims to extend the Prop 30 income tax on wealthy Californians was filed today. The tax is scheduled to expire in 2019. This measure would add new tax rates for “super-earners” making more than $2 million and $10 million a year. The California Hospital Association and the Service Employees International Union- United Healthcare Workers West are part of the coalition supporting the initiative. The proceeds from the tax would be split between schools, Medi-Cal, early childhood education and a "Children’s Rainy Day Fund."
Another initiative, backed by teachers and school employees, would extend the current Prop 30 income tax for 12 more years and dedicate the money to classroom expenses.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.