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.
Adam Rochon, Exeter