SACRAMENTO, Calif. (AP) — Proponents of a so-called “millionaire’s tax” say they will begin collecting signatures for an initiative that would raise income taxes on California’s wealthiest residents, even as Gov. Jerry Brown and another group push their own tax-hike campaigns.

The California Federation of Teachers is among the groups backing a ballot initiative to raise income taxes on people who make more than $1 million a year. Supporters said Monday they expect to raise the $10 million to $12 million needed for a campaign.

The Democratic governor is pushing a separate proposal to temporarily raise income tax rates on people who make more than $250,000 and increase the state sales tax by half a cent. Wealthy attorney Molly Munger is promoting her own initiative to raise income taxes.

Copyright 2012 The Associated Press.

Comments (8)
  1. Bob Bobster says:

    “No New Taxes.” ” Reduce Government” It’s all BS… Raising taxes is a very good way to push more businesses out of California. At one time I thought a few Democrats had brains but I see that was wishful thinking. Throw all of them out and start over…… Never seen so many leeches.

    1. nothingchanges says:

      A regular Californian like Bob can figure it out……How come the dome in Sacramento can not ?

  2. professionaldummy says:

    Just so long as the Ballots are honest and really give ya a choice sometimes they pull stuff so that they can raise taxes no matter if ya vote no/yes. Yesterday we recieved a sample ballot for the Davis Joint Unified District Special Election that is mind boggleing, They want us seniors and others who no longer pay taxes to vote yes to raise the taxes of the homeowners and apt. owners etc..all around us and it is a substantial tax increase for them, I think that is outrageous and WRONG. I hope everyone is paying attention to this but probably won’t until it is to late as usual..

  3. rmcsticks says:

    I see CBS does,nt read the comments on here, or they would know there site is a mess…….

  4. pd says:

    Opps that is the Joint Unified School District they have already gotten quite a raise now they want more.

  5. sassafras says:

    Now now rmcsticks you would be the first to be banned no doubt..we can’t have that.

  6. Leo says:

    I agree…the raise of tax dollars only go into there pockets…does not do a thing for improving things here in California…and what happen to the lottery game that money was to fix thing such as ie: highways,schools etc,etc.

  7. Rebecca says:

    Great plan lets tax the rich so they either use business to pass those tax hikes to us or leave the state. The only thing this is going to do is tax the poor or whats left of the middle class.

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