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(Originally posted to Calitics)

Disclosure: I proudly work for Yes on 24

California has a proud history as being the most innovative state in the nation. Historically, we've provided top-notch services to our citizens, and our economy has grown stronger for it. Perhaps most importantly, California boasts the nation's best educated workforce. It should come as little surprise that 5 of our public universities made U.S. News and World Report's top 10 for best public universities this year (and UC Irvine came in 11th). Our education system, from kindergarten through graduate school, has always ensured that the nation's most entrepreneurial businesses will arise in California.

Unfortunately, the current economic climate and years of budget crises have endangered California's education system, and with it our way of life. To make matters worse, special interests pushed through a set of brand new tax loopholes during a budget deadlock in 2009. These giveaways are set to cost California $1.3 billion dollars a year, money that will be cut from education and the other vital programs that make California great.

Thankfully, there is a chance to remedy this situation and ensure tax fairness. Proposition 24 on the November 2 ballot would repeal the giveaways and restore the money we desperately need. In a time when regular Californians across the state are being forced to tighten their belts, Prop 24 ensures that wealthy corporations also pay their fair share. The savings we recover will also secure California's status as the best-educated workforce for years to come.

Opponents of Prop 24 claim that repealing the giveaways will make California a bad place to do business, and businesses would rather have jobs go out of California than live without these loopholes. As Steven Maviglio pointed out here the claim that businesses are moving jobs out of California is bogus. What's more, the opponents base their claims on the equally bogus argument that Prop 24 affects small businesses. In reality, it is big corporations (many based outside of California) who are fully funding the smear campaign against Prop 24, and it is big corporations who would line their pockets with the giveaways.

Please support tax fairness and preserve our state's greatest assets. Vote Yes on 24.

Learn more:

Originally posted to Micah Scheindlin on Tue Oct 26, 2010 at 09:13 AM PDT.

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