by Jack Lee
Here’s a no brainer, Molly Munger’s Prop 38. Everybody hates its. Gov. Brown hates it, the Democrats hate it and the Republicans hate it. And polling shows that the voters don’t care much for it either. The Calif. Teachers Assoc. approve of it, but they also approve of Prop 30 and only can pass. They are looking for the money and which ever proposition passes, they will be the benefactors, a win-win for the teachers union.
Do we need to go into the details at this point? Well, just for the sake of being able to say you checked it over and knew enough to shy away from this one, let me give you a few facts about Prop 38:
Increases personal income tax rates on annual earnings over $7,316 using sliding scale from .4% for lowest individual earners to 2.2% for individuals earning over $2.5 million, for twelve years.
During first four years, allocates 60% of revenues to K-12 schools, 30% to repaying state debt, and 10% to early childhood programs. Thereafter, allocates 85% of revenues to K-12 schools, 15% to early childhood programs.
Provides K-12 funds on school-specific, per-pupil basis, subject to local control, audits, and public input.
Prohibits state from directing new funds.
This is a huge tax increase on the middle class. It does nothing to address wasteful spending anywhere in the budget, or cut redundant programs or programs that are not yielding expected results… this won’t fly. It’s just more money thrown at a big problem, hoping for better results. Polling on 38 is poor.