Report: Central Valley favors tax on wealthy, corporations

California LegislatureCalifornia LegislatureA majority of Valley residents are in favor of a tax on the wealthy and on corporations as a means to raise revenue.

According to a new statewide survey by the Public Policy Institute of California, 63 percent of likely voters in the Central Valley favor a tax increase on the wealthy and 59 percent would vote for raising the corporate tax.

The Central Valley includes the counties of Butte, Colusa, El Dorado, Fresno, Glenn, Kern, Kings, Madera, Merced, Placer, Sacramento, San Joaquin, Shasta, Stanislaus, Sutter, Tehema, Tulare, Yolo and Yuba.

Conversely, only 35 percent in the region said they would support a personal income tax hike and 37 percent would get behind an increase on sales tax.

That compares with the state as a whole where 59 percent of likely voters would bump taxes on the wealthy and 54 percent would raise the corporate tax while 28 percent support bigger personal income taxes and 33 percent favor a sales tax increase.

Economic outlook didn't look very good in the survey as 64 percent of adults in the Central Valley were pessimistic about the economic situation over the next 12 months and 43 percent believed the state was in a serious recession.

That compares with 57 percent and 42 percent in California respectively.

The state's budget situation didn't look better as 64 percent of Central Valley adults said services have been affected a lot by budget cuts compared with 59 percent of California adults who agreed.

The survey also had something to say about elected leaders. In the Central Valley, 42 percent approved of the job done by the governor, 37 percent approved of their state legislators, 54 percent approve of the president, 47 percent approve of their legislators in the House of Representatives and 44 percent approve of the performance of their Senators.

The full text of the survey can be found at ppic.org.