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.
Proposition 55 Would Extend Prop 30 Income Taxes to Fund Schools, Health Care
This article is more than 6 years old.
(Photo: Francesca Segre/KQED)
Marisa Lagos, reporter, KQED's California Politics & Government Desk
Dan Reynolds, spokesperson, Yes on Prop 55
David Wolfe, opposed to Prop 55; legislative director, Howard Jarvis Taxpayers Association