SB37 would undermine the state economy to prop up a failed status quo

You wouldn’t know it, but the California state motto is still “Eureka,” not “We’re raising taxes again because we need the money for the schools.”

The latest proposal to raise taxes “for the schools” is Senate Bill 37 by Sen. Nancy Skinner, D-Berkeley. SB37 would raise the corporate income tax rate from the current 8.84% to 10.84%, and possibly as high as 14.84% if a company is judged to be paying its top executive too much money relative to the median wage of the rest of the...

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