Any tax-increase would be voted into law by the people, a promise made by California Governor Brown when he was campaigning for his election. Prop 30 is an agreement for a temporary tax-increase to fund money for Schools and Public Safety. A YES vote on this proposition means: The State of California would increase PIT(Personal Income Tax) on high-income tax payers for seven years and would increase the sales tax for 4 years. This measure if passed would also fund programs in the state budget, an increase of one-quarter cent on sales-tax, and a maximum of (9.3%) to (12.3%) on PIT. This is Governor Brown's plan to raise sales-tax and income taxes to address the state budget deficit.
Temporary Taxes to Fund Education. Guaranteed Public Safety Funding. Initiative Constitutional Amendment. Legislative Analyst's Office, 18 Jul. 2012. Web. 28 Sept. 2012.
The back-up plan to proposition 30 if declined by California voters, a cut in the state budget. To be more specific the triggered cuts would be to education programs, affecting the needs of public schools and potentially resulting in a longer deficit of cash. Future of this ballot if not passed will result in no tax increase, but major changes to state budget and the way we fund will take drastic cuts. NO, for this proposition results in no tax increase, with results of cuts of about $6 billion and the majority of the spending cut will come from public schools K-14 that are funded by the state.
Good job locating a source with facts on our issue. See if you can fix the spacing on this citation, so that this entry looks more like an annotated bibliography. You will probably need two more sources and annotations for full credit on this assignment, but you will also need this information for your first formal paper. Your Library 10 homework should help you to locate more research on this topic. Thanks!
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