No on Prop 38:
If you earn $17346 or more per year in taxable income, Prop. 38 raises your California personal income tax by as much as 21%, on top of what you pay the Federal government.
The Prop. 38 tax incrase continues until 2024. If you have a child entering first grade, you'll be paying higher income taxes until that child graduates from high school.
Even as the economy improves and more people get back to work, the tax increases continue. Even without necessary reforms to our education system, like the ability to fire bad teachers, the tax increases still continue. Prop. 38 locks us into higher income tax rates for the next twelve years - no matter what!
The politicians and bureaucrats get billions of dollars in new taxes, with virtually no accountability on how the money is spent and how much actually gets into the classroom.
Approximately 3.8 million California small businesses pay individual taxes on their earnings, rather than corporate taxes. Consequently, small businesses will be devestated by these higher taxes - even businesses making as little as $30,000 or $40,000 a year.
Instead of creating jobs and improving the economy, Prop. 38 will force family businesses to cut jobs, move out of state, or even close. If they can stay in business, they'll raise prices to pay the higher taxes, which will ultimately be passed on to consumers.
Under 38, there are no requirements to improve school performance or get rid of bad teachers. Too much money will continue to be spent on administration, consultants, pensions, benefits and overhead and too little will be spent in the classroom. Currently, 24% of California students don't graduate from high school. Prop. 38 pours more money into a system that is failing our kids without requiring improvements in outcomes for students.
Prop, 38 contains a special provision hidden in its twenty-seven pages of fine print that prohibits any changes in the measure through 2024 (without another vote of tile people), even in the case of waste, fraud or abuse.
Prop. 38 allows the politicians in Sacramento to keep spending, There is nothing in Prop. 38 that requires any of the funds to be used specifically for deficit reduction and nothing that stops the politicians from getting us back into the same mess we're in now, even with $ 120 billion in new taxes.
Allan Zaremberg, President
Califomia Chamber of Commerce
Ken Williams, Member
Orange County Board of Education
Thomas Hudson, Executive Director
California Taxpayer Protection Committee
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