The Third Tax Proposition (39)

You have seen TV ads for Prop 39, the “Steyer” initiative that closes a loophole in the corporate profits tax that emerged from a 2009 budget deal and earmarks a chunk of the money raised for green energy projects.  But you haven’t seen any TV ads against Prop 39 because there has not been much of a campaign against it.  Part of the reason is that important elements of the local business community that feel the loophole gives competitors an advantage and thus favor Prop 39.  Those parts of the business community that oppose 39 have not chosen to fund an aggressive campaign against it.

Opponents of 39 have now launched a website as you can see below.  But the train seems to have left the station.  We are only one week from Election Day and many folks have already voted absentee.

The new website doesn’t link to any TV ads opposing 39.  Meanwhile, TV ads favoring 39 continue to air: