We urge voters to say “yes” to Proposition 39, a two-tiered measure, because it would increase revenue and employment opportunities in California.
Currently, corporate income taxes are based on the size of the company payroll or how much property they own in California, which incentivizes them to keep their payrolls and business small within the state.
Proposition 39 would close that loophole and ensure corporations pay taxes based on how much business they hold in California.
This would bring in a billion extra dollars for the state every year, half of which would go toward alternative-energy projects and jobs over the next five years.
The effects of the proposition, although wide in scope, will hit close to home for some students. For students in UCLA’s environmental science program, this proposition would give them more opportunities for work upon graduation.
In a time with so many graduates still hunting for work, this board endorses Proposition 39 for the sake of the state and the future of California’s graduates.