California Prop 38 Rejected
Tuesday, November 6, 2012
California voters have rejected Proposition 38, a broad-based income tax increase that would have raised billions of dollars a year for public schools. The initiative was bankrolled by wealthy civil rights attorney Molly Munger and was widely seen as a threat to Gov. Jerry Brown's own tax increase proposal, Proposition 30.
Special Feature November 6 Election Results
Munger said after Tuesday night's defeat that it was not the outcome that was hoped for but that transformational change can take a long time.
Munger's proposal would have raised income taxes on nearly everyone on a sliding scale for 12 years, with the wealthy paying the highest rates.
She spent more than $45 million promoting it and had support from the California State PTA, but Proposition 38 never passed the 50 percent threshold in public opinion polls.
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