California Passes Proposition 30

Friday, November 9, 2012

On Election Day, California voters passed Proposition 30, a temporary tax increase that will prevent a nearly $6 billion cut to the state’s public schools. Backed by Gov. Jerry Brown, the proposition is the first general tax increase passed in the state in two decades. It will increase sales taxes by a quarter of a cent for four years on the state’s base rate of 7.25 percent, and income taxes for those earning more than $250,000 for seven years.

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