NO on Prop 39

VCTA recommends a no vote on prop 39. There may be a good argument to revise the current tax formula for corporations doing business in California. But if that new formula resulted in increased revenue then (a) the additional revenue should go toward reducing debt and balancing the state’s budget, (b) there should not be any new spending and (c) there should not be increased taxes to fund unspecified, non-economic energy projects. NO on Prop 39.