According to the California Legislation site, a proposed constitutional amendment known as ACA 11 will increase California taxpayers taxes by $12,250 per household. The goal of the state constitutional amendment is to fund the nations very first single-payer healthcare system. The top marginal rate for California taxpayers wage income will soar to 18.05 percent. According to the Tax Foundation, the median top marginal rate nationally is 5.3 percent. Raising the rate for California will double what taxpayers are currently paying per household. The proposed California Constitutional amendment would raise 163 Billion per year.
Here is the proposed bill:
Introduced by Assembly Members Kalra and Lee (Coauthors: Assembly Members Mia Bonta, Carrillo, Friedman, Nazarian, and Santiago) (Coauthors: Senators Cortese, Gonzalez, Kamlager, McGuire, and Wiener) |
January 05, 2022 |
LEGISLATIVE COUNSEL’S DIGEST
DIGEST KEY
Vote: 2/3 Appropriation: no Fiscal Committee: yes Local Program: no
BILL TEXT
First—
The people of the State of California find and declare all of the following:
Second—
That Section 16 is added to Article XIII B thereof, to read:
SEC. 16.
“Appropriations subject to limitation” of each entity of government shall not include appropriations of revenues from the CalCare Trust Fund collected pursuant to Article XIII E to fund comprehensive universal single-payer health care coverage and a health care cost control system for the benefit of every resident of the state, and reserves deemed necessary to ensure payment.
Third—
That Article XIII E is added thereto, to read:
Article XIII E Taxation to Fund Health Care Coverage and Cost Control
SECTION 1.
(a) The following state taxes are imposed as follows, subject to being operative as provided in Section 4, for the purpose of funding comprehensive universal single-payer health care coverage and a health care cost control system for the benefit of every resident of the state, and reserves deemed necessary to ensure payment:
For taxable income: | The marginal tax is: |
$149,509 but not over $299,508 | 0.5% of the taxable income |
$299,509 but not over $599,012 | 1% of the taxable income |
$599,013 but not over $1,299,499 | 1.5% of the taxable income |
$1,299,500 but not over $2,484,120 | 1.75% of the taxable income |
$2,484,121 and above | 2.5% of the taxable income |
SECTION 2.
All revenues, net of refunds, derived from the taxes imposed pursuant to Section 1 shall be deposited in the CalCare Trust Fund, which is hereby established in the State Treasury, to be held in trust for the sole purpose of funding comprehensive universal single-payer health care coverage and a health care cost control system for the benefit of every resident of the state, and reserves deemed necessary to ensure payment. The Legislature may appropriate funds from the CalCare Trust Fund by a statute passed by an act approved by a majority vote of the entire membership of each of the two houses of the Legislature, and shall not so appropriate the revenues in the CalCare Trust Fund for any purpose other than funding comprehensive universal single-payer health care coverage and a health care cost control system for the benefit of every resident of the state, and reserves deemed necessary to ensure payment.
SECTION 3.
Notwithstanding any other law, any revenues derived from the taxes imposed pursuant to Section 1 shall not be considered proceeds of taxes for purposes of Article XIII B or considered General Fund revenues or proceeds for purposes of education funding mandated by Article XVI.
SECTION 4.
This article shall not become operative until the later operative date of the following:
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