Friedberg @ 00:04:47Inconclusive
politicseconomy
The effort to extend California’s Prop 55 (the surtax on incomes over $1 million) will succeed and the higher income-tax rates on high earners will be extended beyond their current sunset date.
They're already trying to extend, prop 55, which is the progressive tax for people making over $1 million, they're going to get that pass.
Explanation
California’s Proposition 55 (the 2016 California Children’s Education and Health Care Protection Act) already extends the higher income‑tax rates on high earners through 2030; any further extension beyond 2030 requires a new measure. (calbudgetcenter.org)
As of November 30, 2025:
- The California Teachers Association and allied groups have filed and are campaigning for a new initiative, The California Children’s Education and Health Care Protection Act of 2026, intended to permanently extend the Prop 55 high‑earner tax and place it on the November 2026 ballot. (cta.org)
- The California Secretary of State lists this measure (initiative no. 25‑0016) as a proposal pending review by the Attorney General, meaning it has not even reached the signature‑gathering completion stage, let alone appeared on a ballot or been approved by voters. (sos.ca.gov)
Because no law or ballot measure has yet been enacted to extend the Prop 55 tax rates beyond their current 2030 sunset, and the decisive 2026 vote has not occurred, we cannot say whether Friedberg’s prediction that “they’re going to get that passed” is right or wrong at this time.