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.)
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