Proposition 55 Would Extend Prop 30 Income Taxes to Fund Schools, Health Care

Four years ago voters approved Proposition 30, Governor Jerry Brown’s proposal to raise sales and income taxes to fund schools. Those taxes, which have raised about $6 billion each year, are set to expire in December. Proposition 55 would extend the income tax increases for another 12 years to fund schools and health care programs for low-income families. The measure would levy a 1 percent tax on individuals making $250,000 per year, and a 3 percent tax on those making more than $500,000 per year.