California needs real solutions to its budget crisis – not more tax breaks for wealthy corporations. That's precisely what Proposition 24 seeks to address, and why Californians should vote "YES" on Prop. 24 on this year's ballot.
This is what Proposition 24, The Tax Fairness Act, would do:
- Stops tax giveaways to large corporations that won’t create a single job in California.
- Does not raise taxes on businesses – it maintains the current rates.
- Prevents $1.3 billion in budget cuts to schools and public safety, and saves thousands of much needed jobs.
- Repeals a backroom deal between Sacramento politicians and big corporate lobbyists.
If you haven't already cast your votes for the 2010 midterm elections, please review the details about Prop. 24 below so you can make an informed decision to vote "YES" when that time comes.
California needs this now more than ever.
Vote "YES" on Proposition 24!
Director, Tax Fairness Organizing Collaborative
United for a Fair Economy
Proposition 24 prevents tax giveaways to large corporations that won’t create a single job in California.
- Prop. 24 prevents tax giveaways given to California’s largest corporations with no guarantees that a single job would be created or saved in California. Corporations could still send jobs overseas or to other states.
- Prop. 24 ensures everyone is paying their fair share. Tax giveaways to large corporations put an even bigger burden on California families. When big corporations pay less, you and your family pay more.
- The big corporations that are paying to defeat Prop. 24 and get these tax giveaways made over $65 billion in profits last year and are paying their CEOs over $8.5 billion, while at the same time laying off over 100,000 workers.
- Prop. 24 does not raise taxes on businesses as none of these tax breaks have gone into effect. Voting Yes on Prop. 24 will keep taxes for large corporations at their current level.
- Ninety-eight percent of California’s businesses – especially small businesses – would get virtually no benefit from these tax breaks at all. They only benefit about two percent of California’s largest corporations.
- Prop. 24 prevents more than $1.3 billion from being cut from our public schools, colleges, healthcare, public safety and other services.
- Prop. 24 prevents more than half a billion dollars from being cut from public education every year. California public schools have been cut $17 billion over the last two years. 30,000 educators have were laid off, class sizes have increased, education programs like art and music and vocational education eliminated, and college tuition increased more than 30 percent just last year alone, while corporations received $1.3 billion in future tax breaks.
- Voting Yes on Prop. 24 saves more than 25,000 jobs, by preventing the layoffs of teachers, firefighters, police, paramedics, and nurses in every corner of the state.
- Prop. 24 repeals a $1.3 billion backroom deal cut by Sacramento politicians and corporate lobbyists with no public hearings or input. These same corporations make large campaign contributions to these politicians.
- Instead of cutting taxes for California families or small business, the politicians in Sacramento followed their campaign contributions and voted to cut taxes for the largest two percent of corporations in the state.
- Big corporations get these tax giveaways without creating jobs in California, and can keep the money to spend on CEO bonuses just like Wall Street.
- Prop. 24 ensures tax fairness so big corporations have to play by the same rules as the rest of us.
Make a gift in support of UFE's
work to ensure fair and adequate taxation at the state-level!