Proposition 31 is a groundbreaking referendum that holds the potential to revolutionize California's tobacco industry, unlocking a world of opportunities for businesses and consumers alike. By replacing the current 87 cents per pack tobacco tax with a tax on distributors based on the sale price, Proposition 31 aims to:
Increased Revenue: The tobacco tax is projected to generate an estimated $1.3 billion annually, which will be allocated to healthcare and education programs. This influx of funding will create new opportunities for businesses in these sectors, fostering innovation and economic growth.
Sector | Projected Revenue |
---|---|
Healthcare | $650 million |
Education | $250 million |
Tobacco Prevention | $300 million |
Level Playing Field: The current tobacco tax disproportionately affects small businesses, as they typically sell a higher percentage of lower-priced cigarettes. Proposition 31 shifts the tax burden to distributors, ensuring a fairer distribution of revenue and providing a competitive advantage for small businesses.
Business Size | Current Tax | Proposed Tax |
---|---|---|
Small Business | $1.00 per pack | $0.50 per pack |
Large Business | $0.50 per pack | $1.00 per pack |
By embracing Proposition 31, businesses can position themselves for success in a changing tobacco landscape while contributing to a healthier and more prosperous California. Join the movement today and make your voice heard on November 7th.
2024-08-01 02:38:21 UTC
2024-08-08 02:55:35 UTC
2024-08-07 02:55:36 UTC
2024-08-25 14:01:07 UTC
2024-08-25 14:01:51 UTC
2024-08-15 08:10:25 UTC
2024-08-12 08:10:05 UTC
2024-08-13 08:10:18 UTC
2024-08-01 02:37:48 UTC
2024-08-05 03:39:51 UTC
2024-10-08 16:29:28 UTC
2024-10-03 12:36:30 UTC
2024-08-20 03:19:58 UTC
2024-08-20 03:20:13 UTC
2024-10-14 06:46:24 UTC
2024-08-06 16:10:48 UTC
2024-08-06 16:10:58 UTC
2024-10-19 01:33:05 UTC
2024-10-19 01:33:04 UTC
2024-10-19 01:33:04 UTC
2024-10-19 01:33:01 UTC
2024-10-19 01:33:00 UTC
2024-10-19 01:32:58 UTC
2024-10-19 01:32:58 UTC