Proposition 89 increases corporate tax rates by 0.2% to fund political campaigns. Ignoring the issue of whether or not state-funded campaigns are good ideas, increasing California’s corporate tax rate (already one of the highest in the United States) will do nothing to draw business to the Bronze Golden State.
In my view, anything that restricts freedom of speech is a bad idea. This measure does that. It’s supported by Common Cause; it’s opposed by the California Chamber of Commerce and the California Taxpayers Association.