Prop 55 would extend Prop 30 temporary tax hikes for the wealthy
In 2012, voters approved Proposition 30 that temporarily raised two types of California taxes – a quarter percent (from 7.25 to 7.5 percent) increase in state sales tax for four years, and graduated income tax hikes of one to three percent for seven years on high earners, with money raised direction to education funding. Proposition…


