09/05/2026
California's high-income surcharge is scheduled to expire. Should it become permanent?
Proposition 3 would make permanent the existing high-income surcharge on high-earners. The money is earmarked for education. That surcharge is currently scheduled to expire in 2031. The measure is estimated to maintain roughly $5–15 billion a year in state income-tax revenue in today's dollars.
Is that good tax policy—or an unnecessary permanent tax increase?
We'll hear both sides September 14.