Put it on the Ballot – Nov 2012
Finally there is a an initiative that will help restore cuts by raising taxes only on those who can most afford it. The Millionaires Tax will:
- Develop a permanent revenue stream of $6.1 billion
annually dedicated to restoring cuts to:
- Education – K through 12, Community College, CSU and UC.
- Essential services to children, seniors and the disabled
- Public safety
- Repair of neglected roads and bridges
- Raise taxes on income above $1million an additional 3%, and on income above $2 million an additional 5% from the existing rate. That means no additional taxes on your first $1 million of taxable income and $30,000 on your second million. Go to www.MillionairesTaxCA.com for all the details.
It is fair: We have paid and paid – layoffs, foreclosures, tuition increases, benefit cuts and the list goes on and on. We didn’t cause the crisis but we are sure paying for it.
It is about time the rich shared in the sacrifice. Their income more than doubled in the 12
years leading up to the collapse while the rest of us went backwards. In California – considering all state and local taxes those with the lowest incomes pay a larger share of their income then the top 1%. [See chart]
We can do this: A broad coalition of unions, community organizations, and activists have been working for months to develop this initiative. It polls above 62% after strong counter arguments. [See www.MillionairesTaxCA.com]
It needs your support: The Millionaires tax initiative is an easily understood, popular step that millions of Californians can embrace. It will raise desperately needed funds to stop further cuts to education and social services. It will help build the movement to curb economic inequality. But it won’t become real unless you help. Ask your community, religious and labor organization to endorse and join the effort to get it on the ballot for
Stand with the 99%! Endorse the Millionaires Tax for November 2012