Fatal Flaws of Millionaire’s Tax Will Make Matters Worse for Public Education
Contact: Mike Myslinski, communications consultant, 408-921-5769 (cell)
BURLINGAME – Dean E. Vogel, president of the 325,000-member California Teachers Association, released this statement regarding support for the governor’s tax initiative and the unintended consequences of the proposed Millionaire’s Tax initiative.
“Despite a catchy title that certainly has some appeal, the Millionaire’s Tax initiative has some unintended consequences that will only make matters worse for funding public education and essential public services in California. The governor’s initiative is the only proposal that will help close the current budget deficit, restore funding to education, and pay for services shifted to local cities and counties. Without the governor’s fair-share tax on the wealthy, the state is facing a $12 billion to $13 billion shortfall over the next 18 months, and more cuts to schools and colleges.
“CTA is equally concerned that all the research shows that having three funding initiative confuses voter
