Topic: Tax Fairness
“Make it Fair” creates real change for California
By Josh Pechthalt, CFT President
California’s largest, oldest corporations have not been paying their fair share for more than 35 years. As a result, the state has lost billions of dollars in uncollected property tax revenues — a major factor pushing our public schools to the national bottom in per pupil spending and class size average. The state’s most at-risk families and individuals have also seen essential services repeatedly cut for more than a generation.
Fight for California’s Future
With the passage of Proposition 30 in the November 2012 election, California is finally looking at improved prospects. Prop 30 begins the process of reversing the massive redistribution of wealth upwards that has taken place over the past thirty years. By imposing a 1 – 3% increase on the wealthiest Californians’ income taxes, and a modest sales tax increase of 1/4 of 1%, the state budget will gain some relief and programs in education and social services will not face further savage cuts.