Proposition 55: Taxes (YES)

Proposition 55: Taxes (YES)

Explanation: Proposition 55 extends the temporary personal income tax increases on incomes over $250,000 implemented by Proposition 30.

BWW Analysis: Remember a few years ago when we voted yes on Prop 30 to save California from fiscal death?  Well Proposition 55 keeps that tax increase until 2030 for wealthy Californians, however it lets the temporary sale tax increase expire at the end of 2016.  The revenue would be used for things such as helping fund K-12 education, community colleges and healthcare as well as add to our budget reserves and debt repayment.

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