Brown’s tax plan faltering
October 25, 2012
With polls showing support slipping for Gov. Jerry Brown’s tax measure, Prop. 30, the state’s chief executive yesterday raised the threat of a $6 billion cut to California education in the event voters reject the temporary tax increases. (Ventura Star)
“There’s no more money sitting around,” Brown told reporters.
The nonpartisan Public Policy Institute of California this week had support for the measure at 48 percent compared to 44 percent opposition, a virtual tie.
It was the first time any poll has shown backing for the increase decline below 50 percent.
An earlier agreement between Brown and lawmakers would keep school spending at its current level only if Prop. 30 passes. Otherwise, built-in budget cuts would trigger, costing K-12 education more than $5.5 million, and public colleges and universities another $500 million.
Brown called the trigger “on or off” depending entirely on voters’ decision on the tax measure.
The proposal would levy a seven-year tax increase for couples earning $500,000 or more, and a one-quarter percent hike in the state sales tax for a four-year period. According to the governor, that would amount to one penny on the purchase of a four-dollar sandwich.