Wednesday, September 19, 2012

Labor Groups Endorse Proposition 39

The California Labor Federation and other labor groups have announced their endorsement for proposition 39, an initiative on the November ballot that would raise taxes on out-of-state corporations doing business in California. Prop 39 supporters say California loses about a billion dollars a year in tax revenues from out-of-state corporations that take advantage of a tax loophole born out of last minute budget negotiations in the state legislature in 2009. Labor and political leaders met in Los Angeles to announce the endorsement. Pacifica's Dan Fritz reports.