October 9, 2016

Prop 55

yeson55

Continues Income Tax on Wealthy to Fund Schools

The most important thing we can do as a state is to invest in the next generation. Prop 55 does exactly that, and no one pays more in taxes than they are paying now.

In a Nutshell
  • Extends current, temporary income tax rates on Californians earning over $250,000 a year or $500,000 for a married couple.
  • This tax has been in place since 2012, when it was passed to prevent cuts to schools. Prop 55 extends the income tax for 12 more years.
  • It will generate $4-9 billion a year.
  • Approximately 50% will go to schools.
  • The rest will go to healthcare, paying down debt, and saving for a rainy day.1
Effect on SEIU Members
  • One in three SEIU members in California works in education or healthcare. Prop 55 provides billions of dollars to fund their vital work.2
  • All workers with children in school or community college will benefit from having better funded schools and colleges.
  • 75% of SEIU workers work for public employers: counties, cities, schools, colleges, the state, and home care public authorities.3 By preventing budget deficits of $4 billion by California in 2019,4 Prop 55 helps all public workers.
Supporters5
California Teachers Association
California Medical Association
California State PTA
SEIU California

The most important thing we can do as a state is to invest in the next generation.

Supporters Say
  • We need to pass Prop 55 in order to prevent $4 billion in cuts to our schools and help our children thrive.
  • No one will pay a higher tax as a result of Prop 55; the wealthiest Californians will simply not be receiving a tax cut.
  • California can’t afford to go back to the days of overcrowding, school cuts, and layoffs.
Opponents
Howard Jarvis Taxpayers Association
Opponents Say3
  • This tax was supposed to be temporary, but now we are being asked to extend it.
  • Taxing wealthy individuals will make them leave the state and move jobs away from California.
For More Information:
www.protectingcalifornia.com

  1. California Attorney General, Official Title and Summary for
    Proposition 55
  2. SEIU Membership Database, Sept. 2016.
  3. SEIU membership Database, Sept. 2016.
  4. “Jerry Brown’s Budget Blowout,” Wall Street Journal, May 18,
    2016.
  5. Yes on Prop 55 website, http://www.protectingcalifornia.com/
    endorsements.
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