Taxpayer and Small Business Groups Oppose $50 Billion Tax Hike Scheme

California already has the highest average state tax rate in the nation, and this measure would increase it 3% to 8.4%. Income taxes would jump as much as 32%. These higher income taxes would stay in place for seven years, regardless of whether or not the state’s economy improves, giving politicians a slush fund to continue their reckless spending.
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