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Gov. Brown puts new tax plan to 2012 vote

December 6, 2011 12:00:00 AM PST
Governor Jerry Brown is asking voters to approve his new tax increase plan.

He filed a ballot initiative Monday for the November 2012 election.

It calls for an income tax increase on the wealthiest Californians by as much as 2 percent for the next five years.

That would apply to families earning more than $500,000 a year.

The measure also includes a temporary sales tax hike from half a cent to 7.75 percent.

The proposal would raise about $7 billion a year for five years.

Brown says without the new revenue, the state would be forced to make more cuts to education and social services.