Voters rejected Proposition 38 Tuesday night, which would have increased taxes to fund education.
Proposition 38 has temporary measures that will increase Personal Income Taxes (PIT) for everyone making more than $7,316 a year. They will go up in sliding scale format: 0.4% for the lowest earners and 2.2% for those who make more than $2.5 million.
The campaign for a November ballot initiative that seeks to raise most California income taxes to fund public schools is phasing out a TV ad that criticizes a rival tax initiative pushed by Gov. Jerry Brown.
Two similar California tax hike initiatives might be defeated in November if supporters of both ballot measures continue to aggressively attack one another.
The California Republican Party reiterated its opposition Sunday to two measures on the November ballot that would increase taxes.
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