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Proposition 3 extends an existing tax on the top 2% of California earners to support public school funding. The tax expires in 2031. Below is a transcript of the video above. Read our voter guide story on Prop. 3 here, along with the editorial board’s take on the issue.
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Should wealthy Californians continue to pay more on their income taxes to fund education? That’s the question at the heart of Proposition 3.
Here’s the deal. Back in 2012, voters approved a higher income tax on California’s top earners to help fund schools. They extended it in 2016. As things stand, it’s set to expire in 2031.
Prop. 3 would make it permanent.
We’re talking about the top 2% of taxpayers. Right now, that’s single filers making over $361,000, or joint filers over $721,000. It brings in anywhere from $5 to $15 billion a year for public schools and community colleges.
Supporters, like the California Teachers Association, say letting it expire would gut school funding and force layoffs.
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Opponents, like the California Taxpayers Association, say voters were promised this tax was temporary — and warn that leaning too hard on wealthy earners could backfire if they leave the state.
So the question on your ballot? Keep the tax in place for good — or let it sunset. Your call.
This report was produced with the assistance of a proprietary tool powered by artificial intelligence based on our own originally reported, written and published content. Before publishing, journalists reviewed this content in compliance with McClatchy Media’s AI policy.
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