***California Prop. 30 & 38: Looking for Budget Reality

There's a Hole in the Bucket | Election 2012 | East Bay Express 

"Both are also equitable measures if you consider the massive gains in income by the wealthiest Californians over the past two decades. Data from the Franchise Tax Board shows that the state's top 1 percent saw their incomes rise by 50 percent while the bottom 20 percent suffered a decline of 20 percent in income."

"The California Budget Project, a nonpartisan organization well-known for its rigorous analysis of state policy issues, holds a more optimistic view, and has even taken the rare step of endorsing Prop 30. "Prop 30 would raise much needed revenues as part of a balanced approach to closing state budget gap over the long haul," said the CBP's senior policy analyst Jonathan Kaplan. While the organization supports Prop 30, Kaplan clarified that it's taking a neutral position on Prop 38."