Taxes, Taxes: News on the Tax Front
The Sacramento Bee today is reporting various news on the tax front. As readers of this blog will know, there are three tax measures on the ballot: the governor’s plan which the Regents recently endorsed, the Molly Munger school tax (Prop 38), and a close-corporate loophole tax (Prop 39). Folk wisdom has it that where there are too many measures on the same subject, voters may reject all of them in confusion. In part to overcome that confusion, the legislature passed a bill that effectively put the governor’s plan as the first initiative on the ballot (Prop 30). In order…
