Anyone who’s been following the news in recent weeks knows that the tax-and-spend lobby is planning to unleash of horde of new tax hikes at the ballot box this election year. Three major hikes, which altogether would raise taxes by tens of billions of dollars annually, are all currently jockeying for a spot on the November 2012 ballot. However, flying under the radar is an equally abhorrent tax increase that creates a nearly $1 billion per year spending program dominated by special interests with no accountability to the public.
Proposition 29, the so-called California Cancer Research Act, raises taxes to create a massive new spending program run by a new commission with six political appointees. The decisions of this commission, which has the authority to spend hundreds of millions of dollars each year, are unchangeable by even the Governor and the State Legislature for 15 years, even in cases of fraud or waste. Worse yet, the commission can spend the taxes from Californians outside California!
Leading fiscal conservative and anti-tax groups are weighing in strongly against the measure. As David Spady of Americans for Prosperity wrote here on Flash Report, “The last thing California should be doing is creating a brand-new billion-dollar special-interest spending program at a time when we can’t even fund critical state programs like education and public safety. After all, isn’t that a big part of what got us into this budget mess in the first place?”
This election season, voters have a chance to tell the spending lobby that they’re sick and tired of higher taxes and rampant special interest spending. Saying no to Proposition 29 in June should be a prelude to rejecting the tax hikes coming in November.