Labor Unions Seek To Extend Temporary Prop. 30 Tax Increase On Wealthy Until 2030
SACRAMENTO, Calif. (AP) - A coalition of labor unions is seeking to extend California's temporary tax increase on the wealthy until 2030.
A group called the Alliance for a Better California submitted title and summary with the secretary of state Monday for a proposed ballot initiative.
The initiative backed by teachers, school employees and other public employees would extend a portion of Proposition 30 passed by voters in 2012. It would extend higher income taxes on couples earning more than $500,000 a year for 12 years.
A quarter-cent sales tax increase would expire as scheduled next year.
Alliance spokeswoman Gale Kaufman says the money will help keep the state budget balanced by sending money to schools and colleges.
Gov. Jerry Brown, who championed Proposition 30, has said higher taxes should be allowed to expire.
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