I've been Storifying the euro crisis, so I thought I'd use the tool to capture some Twitter commentary in reaction to California Gov. Jerry Brown's new tax proposal. Were people surprised that Brown wants to dodge the Legislature, raise taxes, and go straight to voters via the ballot initiative process. They were not. The Twitterverse had additional insight, as well.
Max Whittaker/Getty Images
SACRAMENTO, CA - OCTOBER 27: California Governor Jerry Brown announces his public employee pension reform plan October 27, 2011 at the State Capitol in Sacramento, California. Gov. Brown proposed 12 major reforms for state and local pension systems that he claims would end abuses and reduce taypayer costs by billions of dollars. (Photo by Max Whittaker/Getty Images)
Yesterday, Gov. Jerry Brown laid out his tax proposals for California voters in an open letter at the governor's office website. Brown wants to go straight to the voters, via the ballot initiative process. The plan is fairly simple:
My proposal is straightforward and fair. It proposes a temporary tax increase on the wealthy, a modest and temporary increase in the sales tax, and guarantees that the new revenues be spent only on education. Here are the details:
• Millionaires and high-income earners will pay up to 2% higher income taxes for five years. No family making less than $500,000 a year will see their income taxes rise. In fact, fewer than 2% of California taxpayers will be affected by this increase.
• There will be a temporary ½ cent increase in the sales tax. Even with this temporary increase, sales taxes will still be lower than what they were less than six months ago.
• This initiative dedicates funding only to education and public safety—not on other programs that we simply cannot afford.