Money Race

To recap prior posts: There are 3 tax initiatives on the ballot.  The governor’s tax initiative has been endorsed by the Regents.  Then there is the Molly Munger school tax and a close-corporate-loophole tax.  Politico wisdom is that having multiple initiatives on the same general subject is confusing and may lead to defeat of all.  The Munger and loophole initiatives have not polled well.  The governor’s initiative is polling marginally ahead but could easily be defeated which would produce trigger cuts midyear including to UC. News reports are that various unions have been contributing to the governor’s tax campaign although some of their funds are being diverted to campaigning against Prop 32, the anti-union “paycheck protection” initiative which is before voters for the third time.  Munger is dumping money into her campaign.

You can find stories on all of this today at:

http://blogs.sacbee.com/capitolalertlatest/2012/08/molly-munger-drops-5-million-more-into-california-proposition-38-tax-campaign.html and

http://latimesblogs.latimes.com/california-politics/2012/08/nurses-union-jerry-brown-tax-initiative-prop-30.html

We earlier reported on a radio ad in opposition to tax increases:

http://uclafacultyassociation.blogspot.com/2012/07/the-tax-battle-begins.html
However, it is unclear how much the anti-tax campaign will be able to raise as we get closer to November.

A little appropriate racing music: