Two California state initiatives on this year’s ballot aim to generate funds for public education by raising taxes. Proposition 30, backed by Governor Jerry Brown, would raise sales tax for four years and personal income tax for high-income taxpayers for seven years. A competing initiative, Proposition 38, would raise personal income tax for everyone except low-income taxpayers, for 12 years. The additional annual state revenue, mostly allocated to public education, for Prop 30 and 38 would be $6 billion and $10 billion, respectively.
The Epoch Times asked Bay Area locals whether raising taxes is the right approach to mitigate California’s budget shortfall.
Richard Zhu, 22, works for corporation, Presidio
