SAN FRANCISCO (KCBS) – Governor Jerry Brown is speaking out against two tax proposals that would likely compete with his tax measure on the November ballot.
Brown said that they would do little or nothing to solve California’s persistent deficit. The governor said that the other two proposals would create even bigger fiscal problems, and possibly even more spending cuts.
Brown made his comments in a meeting with the San Francisco Chronicle’s editorial board.
The governor is selling his tax initiative as the only one that solves the state’s fiscal problems. The governor’s plan would increase the state sales tax by half-a-cent and raise income taxes for the state’s highest earners for five years.
KCBS’ Phil Matier Comments:
The so-called “Millionaires Tax,” supported by the California Federation of Teachers, would increase taxes for people who make more than one million dollars each year.
Another measure, backed by wealthy civil rights attorney Molly Munger, would raise state income taxes on all workers, with the largest increases falling on the highest earners.
So far, none of the measures have qualified for the November ballot. Experts note though that supporters of all three are well-funded.
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