Trouble in River City for California Governor Jerry Brown and his pet project, California Proposition 30, which raises taxes to balance (at least partially) California’s budget.
A majority of Calif. voters support a November ballot initiative that would temporarily increase the state’s income tax on high earners and raise the sales tax, but this support has taken a tumble in the last few months, according to the latest results from the USC Dornsife/Los Angeles Times Poll.
Backed by Gov. Jerry Brown, Prop. 30 would raise the state income tax on those earning more than $250,000 a year for seven years and increase the sales tax by a quarter of a cent to fund public education and public safety.
In the latest USC Dornsife/Los Angeles Times Poll, 54 percent of voters said they support Prop. 30, while 37 percent oppose the measure when read the ballot language. This is a decline in support of nearly 10 percentage points since March 2012, when the poll showed 64 percent of Californians in support of the measure, and 33 percent opposed.
As I have said before, California voters, including the majority Democrats, have no stomach for raising taxes on themselves with the California economy so poor.It doesn’t matter that the “rich” will be taxed more on their income taxes, because voters know the majority of the revenue will come from them via the ubiquitous sales tax.
Governor Jerry Brown and the California Legislative Democrats have fiddled while the California economy has gone into the dumpster with a structural budget deficit that grows with each month. The seemingly bottomless pit of the California taxpayer has reached bottom.
California budget cuts are coming – and about time.
The next step will be to reverse or postpone the ridiculously burdensome business and industry regulations that are driving business out of the state.
California Proposition 30 is a dead duck.