Out of Their Minds: March
From March 2006
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Preschool For All Initiative?
By Harrison Sheppard
Actor, director and activist Rob Reiner has proposed an initiative for the June 2006 ballot that would provide free preschool for all of the state’s 4-year-olds. The Preschool for All Act would raise tax rates on the wealthiest Californians by 1.7 percent, generating $2.4 billion by 2010-11 when it is fully phased in.
Currently, the state’s maximum personal-income-taxrate is 9.3 percent for individuals with taxable income of more than $40,000 and for couples earning more than $80,000. (Also, under a new law, those who earn more than $1 million are taxed an additional 1 percent to fund mental health services.)
Reiner’s initiative calls for an additional 1.7 percent tax on individuals with income of more than $400,000 and on married couples earning $800,000 or more.
Supporters argue it’s the smartest investment society can make. They point to the measure’s potential long-term benefits for the state, as research indicates children who go to preschool develop better social skills and have lower dropout and crime rates later in life.
Continued...
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