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California

Iwillnevergiveup

(9,298 posts)

13. Prop 39

Reply to ellisonz (Original post)

Sun Oct 7, 2012, 11:42 PM

Oct 2012

Taxes on Multistate Businesses gets a "NO" vote from the Chamber of Commerce and a "YES" vote from all major church groups, CA League of Conservation Voters and the CA Labor Federation, AFL-CIO. My understanding of it is that there is currently a loophole that lets multistate businesses choose their method of paying CA tax that's most advantageous to them. Supposedly this costs the state about $1 billion in lost revenue each year. Claim is that half of the new moneyh raised over 5 years will be reserved for the support of energy efficient projects.

This needs a closer look. Where does the other half go? That's a lot of moola.

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Highlight:

Propositionaggedon 2012: California Democratic Party Endorsements [View all] ellisonz Sep 2012 OP

Thanks for that! Now, I want to see if the Repubs are polar opposites tblue Sep 2012 #1

And the GOP: tblue Sep 2012 #2

WTF is a Munger Initiative? tularetom Sep 2012 #3

It's the alternative to Jerry Brown's Prop 30 to raise taxes to pay for education. ellisonz Sep 2012 #4

Thanks for posting. SoapBox Oct 2012 #5

Kick pinto Oct 2012 #6

Some anti-trafficking activists are against 35 KamaAina Oct 2012 #7

I agree with your sentiments. ellisonz Oct 2012 #8

The funder of 39 is Northern California's largest hedge fund manager. KamaAina Oct 2012 #9

Some progressive process! ellisonz Oct 2012 #10

Well, turns out both (D) and (R) parties in the state support p35. alp227 Oct 2012 #15

That is truly unfortunate KamaAina Oct 2012 #19

Cool list! CheapShotArtist Oct 2012 #11

That's SOP for corporate props KamaAina Oct 2012 #12

Prop. 32 is 100% about gutting unions. bemildred Oct 2012 #17

Exactly. It's got nothing to do with campaign finance reform. SunSeeker Oct 2012 #20

Prop 39 Iwillnevergiveup Oct 2012 #13

The ballot suggests a significant amount it would likely be spent on schools Brother Buzz Oct 2012 #14

A chunk for schools, a chunk for pre-school, a chunk for debt reduction for 4 years , IIRC. bemildred Oct 2012 #16

I have mixed feelings about 39, but have decided to vote for it. bemildred Oct 2012 #18