CALIFORNIA IN BRIEF : SACRAMENTO : Honig to Seek Tax Hike on ‘Super Rich’
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State schools Supt. Bill Honig has announced plans to seek a 1992 ballot initiative to raise the taxes of the “super rich” unless the governor and Legislature act first on the proposal. “We should raise (state) taxes by 5% on the top 1% of families in this state,” Honig said Thursday as he introduced the idea at a California Taxpayers’ Assn. meeting. Honig said the 5% increase would affect families making more than $208,560 a year who pay less in combined federal and state taxes than those who earn $70,000 or more. Honig said his proposal would raise $2 billion a year to finance California’s future education, transportation and health care needs. If he follows through with his plan, Honig probably would have to seek a ballot initiative, given Gov. George Deukmejian’s steadfast opposition to tax increases.
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