Tags: taxes | brown | corporate | allies

Calif.'s Brown Finds Surprising Allies in Tax Fight

By    |   Monday, 27 August 2012 12:59 PM

California Gov. Jerry Brown has picked up some unusual corporate allies in his drive to secure voter approval for Proposition 30, a November ballot initiative that would raise the state sales tax and income taxes on the wealthiest individuals.
Since taking office 18 months ago, the Democrat has held dozens of meetings with executives of oil, insurance, and telecommunications companies, who have traditionally been more supportive of the Republican Party and its anti-tax views, according to the Los Angeles Times.
To help win their support for his effort to generate an estimated $8 billion per year through tax increases, the L.A. Times said Brown abandoned more popular proposals, such as raising taxes on oil extraction, soft drinks, and alcohol.
Although labor unions and Democratic policymakers have spent almost $7 million to qualify the tax initiative for the November ballot , more than $6 million for the campaign to persuade voters to support it has come from a fairly broad coalition of interest, including the insurance, oil and other businesses, along with entrepreneurs, Indian tribal casinos, hospitals, movie studios, and utility companies.
The newspaper reported that other interests and industries have joined in the effort as well to avoid taxes targeted directly at them or, in some cases, in exchange for Brown’s veto of unfavorable regulations.
By comparison, the campaign against Proposition 30 led by anti-tax activists, has been drastically out funded, raising only $480,000 so far.

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Monday, 27 August 2012 12:59 PM
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