Proposals to raise taxes qualifies for ballot |

Proposals to raise taxes qualifies for ballot

SACRAMENTO, Calif. (AP) – California voters will get a chance to vote on competing proposals that would raise taxes as the state struggles with its budget deficit.

An initiative backed by Gov. Jerry Brown to raise the state sales and income taxes for some California residents and a rival initiative that would raise income taxes on nearly all Californians both qualified for the November ballot, California Secretary of State Debra Bowen on Wednesday.

Both initiatives are being pitched as a way to help California’s struggling schools amid a $16 billion budget gap.

Brown’s proposal would also backfill the state’s general fund and guarantee funding to local governments for public safety. It would raise income taxes on a sliding scale on incomes over $250,000 a year for seven years and raise the state sales tax by a quarter cent for four years.

The rival proposal, backed by Los Angeles attorney Molly Munger, would raise income taxes on nearly all Californians on a sliding scale for 12 years, with the biggest increase on the wealthiest Californians.

Revenue from her proposal would go directly to public schools, while Brown’s measure would use the money to prevent deeper cuts to schools and guarantee money for local public safety.

A third tax measure to qualify Wednesday involves changing the state’s corporate tax formula by forcing most companies to calculate their liability based on their share of sales in California.

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