YES on 39

I want to urge everyone to Vote YES on Proposition 39. This is the initiative to eliminate the ridiculous tax give-away that out of state corporations enjoy. By closing a loophole–that was only enacted a few years ago due to Republican machinations during the state budget process, the state will bring in about $1 billion more each year.

For the next five years, Prop. 39 earmarks half of those funds for in-state clean energy and energy efficiency projects, virtually all  of which will create jobs for California residents. The other half of the funds will go to the state’s general fund–which means a lot more for our public schools and community colleges.

After 5 years, the entire amount becomes part of the general fund–again, the bulk of which goes to K-14 public education.

There is little organized opposition, but it’s always challenging to get a YES vote in our state. I urge everyone to spread the word and make sure people vote YES on 39.

7 thoughts on “YES on 39”

  1. Why don’t you just put out all your reccomendations ?

    I’d probably agree with most of yours……

    Except, I’m voting against weakening 3 Strikes and against abolishing the Death Penalty

  2. For what it is worth, I went fairly close to the liberal line…  

    Yes on 30, 34, 35, 36, 37, 39, and 40

    NO on 31, 32, 33, and 38…

  3.   While a sales-only factor may collect more tax from out-of-state corps than would the 3-factor formula, multi-state CA based corps like Apple get to shift their tax liability AWAY from CA because so much of their sales are worldwide even though a majority of their payroll, and a good chunk of property, is in CA.

Comments are closed.