The Oakland Tribune reported today that the Executive Board of the California Chamber of Commerce voted to oppose the "tax the rich" universal preschool initiative being promoted by Rob Reiner - the full story can be read here. This move is a blow to supporters of the initiative who were hoping for Chamber neutrality and therefore some reprieve from an all out assault by big business.
One would expect opposition from small business representatives like the NFIB considering that nearly 80% of businesses in California pay taxes under the Personal Income Tax Law and will be subject to the tax imposed by the initiative. The Chamber, which tends to be the voice of large corporations, will be a welcome ally.
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