Business organizations are beginning to line up against Proposition 55, the income tax extension, but is it a matter of showing the flag or engaging in full force? Long term strategy on business related tax issues is part of business’s calculation.
No question business is opposing the effort to extend for 12 years what was promised by Gov. Jerry Brown to be a temporary tax when initially placed before voters as Prop 30. The California Chamber of Commerce and the National Federation of Independent Business/California have already come out in opposition to Prop 55. Particularly significant is the case of CalChamber since it was neutral during the Prop 30 campaign.
The important question: will members of the business community raise big money to oppose the tax extension?