2016 California Proposition 55

none Proposition 55 Tax Extension for Education and Healthcare 8594273 4988329 14610509 19411771 2016 California Proposition 55 results map by county.svg County results Yes #47729E 70–80% 1px #AAAAAA solid #7D9CBB 60–70% 1px #AAAAAA solid #B6C8D9 50–60% 1px #AAAAAA solid No #DEDEBD 50–60% 1px #AAAAAA solid Source: California Secretary of StateStatement of Vote - November 8, 2016, General Election December 16, 2016 http://www.sos.ca.gov/elections/prior-elections/statewide-election-results/general-election-november-8-2016/statement-vote/ January 7, 2017 August 28, 2021 https://web.archive.org/web/20210828032635/https://www.sos.ca.gov/elections/prior-elections/statewide-election-results/general-election-november-8-2016/statement-vote live Proposition 55 is a California ballot proposition that passed on the November 8, 2016 ballot, regarding extending by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000, with revenues allocated to K–12 schools, California Community Colleges, and, in certain years, healthcare.Proposition 55. California General Election November 8, 2016. Official Voter Information Guide. California Secretary of State http://voterguide.sos.ca.gov/en/propositions/55/ Legislative Analyst's Office 10 October 2016 https://web.archive.org/web/20161011140252/http://voterguide.sos.ca.gov/en/propositions/55/ 11 October 2016 dead Proposition 55 will raise tax revenue by between $4 billion and $9 billion a year.Lagos Marisa Election 2016: Proposition 55 http://elections.kqed.org/measure/2018/info/proposition-55 20 October 2016 KQED News 20 October 2016 https://web.archive.org/web/20161020173927/http://elections.kqed.org/measure/2018/info/proposition-55 dead Half of funds will go to schools and community colleges, up to $2 billion a year would go to Medi-Cal, and up to $1.5 billion will be saved and applied to debt. History California voters passed temporary sales and income tax increases with Proposition 30 in 2012.The Editorial Board of the Wall Street Journal The State Taxathon https://www.wsj.com/articles/the-state-taxathon-1477523586 27 October 2016 The Wall Street Journal 26 October 2016 27 October 2016 https://web.archive.org/web/20161027131111/http://www.wsj.com/articles/the-state-taxathon-1477523586 live During the temporary tax, California's top 1% of earners paid half of the state's income-taxes and contributed one third of its budget. Since the 2012 tax increase, California's tax revenues have grown by nearly 30%, with roughly two thirds of the money going to schools. Proposition 55 allowed the sales tax increase to expire as planned, while maintaining the increased income tax rates and extended them through 2030. Governor Jerry Brown, who was the primary proponent of the tax increase in 2012, remained neutral on Proposition 55.Adler Ben Proposition 55 May Be Good Politics, But Is It Good Policy? http://elections.kqed.org/articles/11145396/proposition-55-may-be-good-politics-but-is-it-good-policy 27 October 2016 Capital Public Radio 25 October 2016 27 October 2016 https://web.archive.org/web/20161027192018/http://elections.kqed.org/articles/11145396/proposition-55-may-be-good-politics-but-is-it-good-policy dead Campaigning Proponents spent $58.6 million fighting for the measure, with the top donor being $25 million from a hospital trade association. An additional $20 million was donated by the California Teachers Association, with other top donors including the Service Employees International Union, and the California School Employees Association. The measure was supported by the editorial boards of The Sacramento BeeThe Editorial Board of the Sacramento Bee ‘Yes’ on Proposition 55 tax, unenthusiastically https://www.sacbee.com/opinion/election-endorsements/article103787316.html 20 October 2016 The Sacramento Bee 24 September 2016 20 October 2016 https://web.archive.org/web/20161020180242/http://www.sacbee.com/opinion/election-endorsements/article103787316.html live and The Mercury News.http://www.mercurynews.com/2016/09/08/proposition-55-needed-to-renew-tax-on-richest-californians/ Proposition 55 needed to renew tax on richest Californians September 8, 2016 The Mercury News January 2, 2017 January 1, 2017 https://web.archive.org/web/20170102084200/http://www.mercurynews.com/2016/09/08/proposition-55-needed-to-renew-tax-on-richest-californians/ live Opponents spent $3,000 fighting against the measure. The California Chamber of Commerce, who were neutral on the 2012 tax increase, opposed Proposition 55. The measure was opposed by the editorial boards of the Los Angeles Times,The Editorial Board of the Los Angeles Times Don't tie California's fate to Wall Street volatility. Vote no on Proposition 55 https://www.latimes.com/opinion/editorials/la-ed-end-proposition-55-20160930-snap-story.html 20 October 2016 Los Angeles Times 1 October 2016 the San Francisco Chronicle,The Editorial Board of the San Francisco Chronicle Chronicle recommends: No on state Prop. 55 http://www.sfchronicle.com/opinion/editorials/article/Chronicle-recommends-No-on-state-Prop-55-9211163.php 20 October 2016 San Francisco Chronicle 9 September 2016 20 October 2016 https://web.archive.org/web/20161020173910/http://www.sfchronicle.com/opinion/editorials/article/Chronicle-recommends-No-on-state-Prop-55-9211163.php live and The Wall Street Journal. Results A September 2016 poll by the Public Policy Institute of California showed that 54% of likely voters supported Proposition 55, 38% opposed it, and 8% did not know how they would vote.https://www.ppic.org/content/pubs/survey/S_916MBS.pdf Californians & Their Government: Statewide Survey Baldassare Mark September 2016 Public Policy Institute of California 11 October 2016 8 November 2020 https://web.archive.org/web/20201108094942/https://www.ppic.org/content/pubs/survey/S_916MBS.pdf live Proposition 55 was approved by voters in the November general election, with 63% voting yes.Pritchard Justin Tax the rich for education? California votes 'yes' http://www.sacbee.com/news/state/california/article113232563.html 11 November 2016 The Sacramento Bee 9 November 2016 https://web.archive.org/web/20161112090805/http://www.sacbee.com/news/state/california/article113232563.html 12 November 2016 dead dmy-all References External links Yes on 55 - Californians for Budget Stability No on Proposition 55 Proposition 55 Would Extend Prop 30 Income Taxes to Fund Schools, Health Care https://web.archive.org/web/20161027192156/http://elections.kqed.org/article/proposition-55/2010101856830/prop-55-would-extend-prop-30-income-taxes-to-fund-schools-health-care 2016-10-27 Discussion on Forum (KQED) Category:2016 California ballot propositions Category:Taxation in California