This fall, California will vote on Proposition 55, a ballot initiative that will generate much-needed revenue. As a small business owner, I support this initiative because I believe it will strengthen local resources and pump money into our state to help local businesses.
Prop. 55 will keep in place a temporary income tax on the very wealthy – individuals making more than $250,000 a year or couples making more than $500,000 a year – to invest in California’s schools. Plus, it will free up additional state money to invest in areas like infrastructure, jobs and health care.
This means California will become a more attractive place to live, work and raise children. For me as a small business owner, that means it will be easier to attract and retain the nation’s most talented workers by creating better schools. Plus, good schools mean a stronger pipeline of future employees.
Investing more resources in California’s infrastructure and education is common sense. We need to keep our schools competitive, because that generates smarter workers and a brighter future for our state. And Prop. 55 will make this difference by taxing only those who can afford it. This initiative is good for California and businesses.
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Adam Rochon, Exeter