From Bloomberg:
California’s Proposition 30, which would raise sales and income taxes, is sinking fast in the polls. Voters are realizing that the measure — the heart and soul of Governor Jerry Brown’s plan to “save” California — is just another cynically devised and promoted way to prop up the status quo.
The measure is slightly ahead, but dropping below the critical 50 percent mark, which is a trouble sign as Election Day approaches. Californians tend to vote for politicians who want to raise taxes, but are more conservative when it comes to direct tax increases.
As the Sacramento Bee’s Dan Walters wrote last week, state- government insiders are “turning their attention, however reluctantly, to the fallout should, indeed, voters reject” the tax plan. Brown says there is no Plan B.
Photo courtesy Steve Rhodes, flickr
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