The Other Tax: Prop 39
As the website of the official opposition group to Prop 39 (as of this morning) indicates, there is not much effective opposition. Go to the group’s Facebook page and you find the same thing. Prop 39 – as proponents put it – closes a corporate tax loophole that was opened up as part of a tax deal in the legislature in 2009. It favors out-of-state corporations by giving them a choice of tax computations. So in-state businesses are not happy with the idea of competitors from out-of-state getting a special deal. That fact means that elements of the local business…