The potential consequences if and when Proposition 30 fails

[cont. from PROP. 30 FAILS pg. 1] taxable merchandise for four years.

That equals to roughly one fourth of a penny for every dollar spent.

The income tax is raised marginally for high-income households, starting with those who make two hundred fifty thousand dollars or more annually.

Currently, the tax for high-income homes is 9.3% and it will be increased for seven years.

What does this mean in terms of education funding?

McKeever and Brown argued the implications Prop. 30 could have on community colleges.

Brown focused on the fiscal impact the bill would have if passed.

“My concern is if we raise this tax we are going to lose tax base,” Brown said. “ And our revenues will shrink.”

Consumers, when faced with increased prices, will shop around for potentially cheaper costs, resulting in a loss of business to out-of-state markets, according to Brown.

Instead of raising taxes, Brown insists advocates the widespread privatization of education.

This will increase competitiveness and lower costs by weeding out under-qualified and incompetent faculty and replacing them with fewer but more highly-skilled teachers.

Brown also criticized teachers’ unions, a reference to her Prop. 32 debate the same day.

“One good teacher is better than three mediocre ones,” Brown said.