SORRY…CALIFORNIANS ARE INSANE. THEY ARE DESTROYING THEIR STATE ENABLING THE POLITICIANS TO DESTROY THEIR STATE
NEW YORK (CNNMoney) — Californians approved a measure Tuesday that raises taxes on the wealthy and hikes the state sales tax. It is expected to bring in $6 billion a year, on average, over five years.
Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state’s public schools and universities.
Brown built the tax hike into his budget so its passage was critical. Among the hardest hit by the Great Recession, California has had to slash billions of dollars from its budget in recent years to close yawning deficits.
Taking a gamble, Brown went directly to the people with the tax measure this year after losing a battle with Republican lawmakers in 2011 to put the increase before voters.
SOURCE: http://money.cnn.com
Look Gary, I voted no on Prop. 30 and 39, but what are you going to do if that doesn’t work out your way. “It is what it is”, Prop. 39 is more crazier than the 30. Needed to vote this governor out ASAP.