https://pioneerinstitute.org/wp-content/uploads/CA-report-2.png 512 1024 Kevin Martin https://pioneerinstitute.org/wp-content/uploads/logo_440x96.png Kevin Martin2021-03-02 05:51:302021-03-02 05:58:09The Graduated Income Tax Amendment – A Shell Game?
The Graduated Income Tax Amendment – A Shell Game?
This report shows that while supporters of a state constitutional amendment that would impose a 4 percent tax rate hike on annual income over $1 million claim additional revenue from the surtax will fund public education and transportation needs, the amendment in no way assures that there will be new spending on these priorities. In fact, without violating the amendment, total state education and transportation funding could stay the same or even fall.
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