Tax Initiatives Proposition 30 - 822 Words

â€Å"Proposition 30† Proposition 30 (prop 30 or SB11) is supported by the schools and local public safety protection Act of 2012. Prop 30 is a tax initiative led by California governor Jerry Brown. Prop 30 is aimed at reducing forecasted budget cuts to public schools also higher education, by increasing the California sales tax from 7.25% to 7.50%for the next four years. It also will create three new tax brackets for taxable incomes. Incomes exceeding $250,000, $300,000 and $500,000 will pay more in taxes for the next seven years. With the extra money being saved will go towards adding more classes for higher education students. Also to help reduce California’s state budget, prop 30 should raise $6 billion annually form raised taxes. If†¦show more content†¦She also believes that it won’t increase student performance; and won’t generate any revenue. With a $6 billion annually revenue from raised taxes I personally believe it will help us out in t he long run. Liberals say that with prop 30 in affect that finally students will get the reward of more classes and less education cuts in California. This will allow more students to enroll in higher education classes and hopefully be able to decrease the cost of education, if not lower keep at a tuition freeze for a few years. With more students enrolled in classes it will generate more of educated society. According to Sash Abramsky â€Å"The university of California projects a 20% midyear tuition hike and $250 million cut that will immediately trigger if proposition 30 does not pass and there will be automatic cuts to education totaling $5.4 billion dollars to the state of California† (Abramsky). With that being said that could have affected millions of college students in school today. They would have had to cut classes as well as teachers who teach the classes. This also would have probably driven the cost of tuition even more than it already is. Sasha Abramsky says â⠂¬Å"proposals to eliminate taxes and said no, or they looked at proposals to increase taxes and said yes. Several anti-tax initiatives did pass—including a supermajority requirement in Washington. But no state ballot measure was as high-profile, or as significant to the national debate, asShow MoreRelatedPublic Safety Protection Act Of 20121330 Words   |  6 PagesKimberly Schwartz, Student at UC Berkeley DATE: October 4th, 2012 SUBJECT: Prop 30 I. SUMMARY Proposition 30, formally known as Schools and Local Public Safety Protection Act of 2012† would add Section 36 to Article XIII of the California Constitution. Proposition 30 increases personal income taxes for seven years for California residents with an annual income over $250,000 and sales taxes by .25 % for four years. This tax increase is placed on California s top 5% of taxpayers and is estimatedRead More Californias Direct Means of Democracy Essay1336 Words   |  6 PagesCalifornians. 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