PROP
3

PROVIDES PERMANENT FUNDING FOR SCHOOLS AND HEALTH CARE BY EXTENDING EXISTING TAX ON HIGH INCOMES. INITIATIVE CONSTITUTIONAL AMENDMENT.

SUMMARY

Put on the Ballot by Petition Signatures

Makes permanent existing voter-approved tax rates for individuals earning over $371,000 (adjusted annually for inflation). Allocates tax revenues to public education. Fiscal Impact: Maintains $5 billion to $15 billion of annual state income tax revenue by making a temporary tax increase on high-income earners permanent instead of letting it expire in 2031. Supporters: California Teachers Association; CA School Nurses Organization; California State PTA; Planned Parenthood Affiliates of CA Opponents: California Taxpayers Association; Family Business Association of California; California Hispanic Chambers of Commerce

WHAT YOUR VOTE MEANS

YES A YES vote on this measure means: An income tax increase on high-income earners in place since 2012 would become permanent instead of expiring in 2031.

NO A NO vote on this measure means: An income tax increase on high-income earners in place since 2012 would expire in 2031.

 

ARGUMENTS

PRO PROPOSITION 3 PROTECTS OUR SCHOOLS AND HEALTHCARE WITHOUT RAISING YOUR TAXES. Prop. 3 prevents a massive tax cut for millionaires and billionaires by maintaining the current tax rates the wealthiest 2% have paid for 15 years and requires strict accountability and audits to ensure school funding gets to classrooms. Vote YES.

CON Californians already pay the nation’s highest income, sales, and gas taxes—and have the highest cost of living. Prop. 3 makes temporary income taxes permanent while Sacramento wastes billions on failed programs instead of voters’ priorities. Don’t reward failure. Fix spending first before making taxes permanent. No on Prop. 3.

FOR ADDITIONAL INFORMATION

FOR
Yes on Prop 3
555 Capitol Mall, Suite 400
Sacramento, CA 95814
info@YesProp3CA.com
YesProp3CA.com

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