October 9th, 2012

agent

Tackling the CA propositions

Ok, let's hop to it.

Prop 30: This is governor Brown's preferred plan to raise the state sales tax, and raise state taxes on those making more than $250K in order to pay for schools.

Prop 38: This is the competing measure that provides a similar amount of money for schools, but raises it all through a progressive income tax increases that starts at people making $7,300.

If both pass, the one with more votes wins. If neither passes, schools will lose $5 billion and change. But which one's better?

Hard for me to call. I like that 38 spreads the pain a little more equitably for something we all have a stake in. But 38 also comes with lots of fiddly bits about how the money's to be spent that seems a little micro-manag-y. 30 offers more flexibility on how it should be spent, but on the other hand, that includes the flexibility for the state to spend a lot of the money raised on non-school things. On the gripping hand, the state could use more flexibility in how it juggles the general fund in this time of crisis.

Verdict: I lean toward 38, but it's a narrow thing. Besides, who'm I kidding? How many Californians will vote to raise their own taxes?
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