May 17, 2016
Proposition 30, the voter-approved measure that imposed higher taxes on wealthy Californians, is currently set to fully expire by the end of 2018. It helped avoid multibillion cuts to public school funding.
An opposition campaign to extending Prop 30 is being considered by the California Business Roundtable, which represents such large employers as Chevron Corp., Comcast Corp., Safeway and Wells Fargo. The roundtable says its decision is dependent on actions of legislative Democrats to make the state more business friendly, the state’s future economic picture, as well as reforms in education and health care.
A coalition of school and hospital unions and associations support the extension of Prop 30. They say businesses should support the measure because it improves public schools, a key factor in making California more attractive for business relocations.