Prop 30 in summary entails increases on taxes on earnings over $250,000 for seven years and sales taxes by 0.25 percent of each cent for four years to fund schools.

That is as basic as it gets; money will be taken from vital business and the business owners to fund schools.

It is a argument of principle; supporting current California businesses or state education.

After reading the bill, it is clear that this piece of legislation has holes, there are many pitfalls where promises of public funding may fall short and tax revenue can vanish as it seems to do.

The proposition contains an additional state tax revenues of about $6 billion annually from 2012–2013 through 2016–17; that’s approximately $30 billion.

These additional revenues would be available to fund programs in the state budget. Spending reductions of about $6 billion in 2012–2013, mainly to education programs, would not take effect.

From the perspective of a student, this is a no-brainer. It’s going to halt state education budget cuts, and hypothetically provide $6 billion a year to public funding (public safety, local governments, fire and emergency departments, public schools K-12 and community colleges, etc).

With that said, loyal California businesses and the already paying the bulk of the state taxes, the high income earning citizens will be hit with another hike to their taxes.

California already has the second highest income tax behind Hawaii; why would you want to raise that even more?

Government, get your hands out of the citizens’ pockets!