Big bucks tax plans gaining ground
February 24, 2012
Strong statewide support exists for imposition of a so-called “millionaires’ tax” as California residents indicate fatigue with budget austerity. [SanFranciscoChronicle]
A recently released Field Poll shows that sentiment is growing for a higher tax rate for high income earners.
Several groups are circulating initiative proposals to accomplish this result; one of those, sponsored by Gov. Jerry Brown, showed majority support in the poll. Brown’s plan would raise about $35 million during the five years of its life, administration officials say, and earned a 58 percent approval rate, according to the Field Poll.
Each of the plans being championed would require only a majority vote to take effect. Brown’s bill would specifically benefit state schools.
Another similar measure by the California Federation of Teachers, California Nurses, and others, got 63 percent approval from those polled.