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California Gov. Jerry Brown discusses pension reform during a news conference on August 28, 2012 in Los Angeles, California.

First, a look at the ballot here in California. New polls show the majority of voters do not support Prop 30, Jerry Brown's tax initiative.

The measure would boost the state's sales tax a quarter of a cent and temporarily increase taxes on people who earn more than $250,000 a year. the Governor says that if Prop 30 fails, there will be major cuts to the state's education system.

For more analysis, we turn now to Sherry Bebitch Jeffe, a senior fellow at USC Price School of Public Policy.