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'Taxing' election for California
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Voters face two tax increases
- Duration 2:35
- Date Oct 22, 2012
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Voters face two tax increases
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-- their tax rates are already high among the highest in the nation we guess what now California voters -- facing two more tax hikes this November.
-- -- -- joins us live now from Los Angeles with details on these issues.
Pay up -- -- Yeah -- imagine Brian paying 52 cents of every dollar that you -- to the government.
That only the combined federal -- -- tax rate the top 3% of taxpayers in California if the president's tax plan is approved along with a 30% tax increase from governor Jerry Brown.
Thirty -- the highest income earners.
-- little bit more to keep our economy strong.
Already among the most taxed in the nation governor Jerry Brown says Californians need to pay more it's either.
Massive cuts to the schools and colleges or.
The most blessed and the most well off paying one or two or 3% more if it sounds familiar.
Also wanna.
Ask the well this also in America to -- it.
Slightly higher tax.
Brown did take a page from the Obama playbook the plan at the wealthiest pay their fair share their fair share means the top 1% will pay up to 13%.
Of their salary.
In state income taxes or roughly one half of the State's income tax revenue.
It also slightly raises the sales tax.
We already ranked number one in all fifty states in state sales tax.
And we have this second highest income tax rate.
But -- top thirty isn't the only tax increase facing voters happy.
Millions and you have to patient on street violence problems -- prop 38 raises income taxes on all taxpayers.
Not just the wealthy.
Critics oppose both.
It's kind of like being given a choice between.
The gas chamber in the electric chair both are going to be detrimental poor economy they're gonna drive more businesses and jobs.
Out of state polls show both measures in trouble Californians don't like paying higher taxes on themselves.
It's been almost twenty years since Californians -- the ballot.
And voted to increase their own taxes.
Now both tax increases are supported by the teachers in public employee unions yet despite about seventy million dollars of -- advertising in support of these.
Tax increases.
Both are below 50% why Brian -- analysts say many people believe the schools need the money they just don't trust Sacramento to spend it effectively.
And tax that we weren't out before.
William La Jeunesse thanks very much we -- it.