Blog 2-1 (Proposition 24)

Proposition 24, also known as the "Repeal Corporate Tax Loopholes Act", will ultimately destroy the economy in California. It repeals recent legislation that would allow businesses to lower tax liability and shift operating losses to previous tax years. It also repeals recent legislation that would allow corporations to share tax funding with other corporations in affiliation with them.

The purpose of Proposition 24 is to repeal the laws set in place in 2008-2009, which allowed businesses to lower their tax liability. The goal of prop 24 is to put an end to the tax breaks that large corporations are receiving. This is mainly targeted at the corporations that do not meet the requirements to create new jobs or to stop shipping current jobs overseas. This proposition is also meant to refute the three laws that allowed corporations more tax breaks, while personal income tax, state sales tax, and vehicle license fees were all raised by the Governor and Legislature.

Regardless of where the tax money comes from, it will fund things such as public schools, healthcare, and public safety. There would be some benefits if prop 24 were passed. For example, California citizens would not have to experience constantly raising taxes. Though this seems like a great idea, this proposition has devastating implications. Because of the higher taxes that businesses would be forced to pay, many of them would be forced to close down. Others of them would even be forced to move out of California.

If the laws that were set in place in 2008-2009 were repealed, then taxes for businesses would increase dramatically. This would cause numerous business would leave California, which would a cause a dramatic dip in the economy. It would also account for more losses of jobs in California. Although the goals of prop 24 sound very ideal, if it is put into action it could potentially harm the economy much more than it could help it.

Therefore, the effects that proposition 24 would have on the Californian economy would destroy it. Paying lower taxes would be great, but not in exchange for businesses being forced to lay off workers, or just close down all together. When voting on prop 24, the long-term effects of it must be considered. It may be beneficial to pay lower taxes now, but it certainly wouldn’t be worth destroyed our state’s economy.

Senior Project 1-1

After graduating in June 2011, I plan to attend VVC for two years and then transfer to a four-year college to complete my Bachelor's Degree in business. While attending VVC, I also plan to attend beauty school and earn my cosmetology license. With my degree and cosmetology license, I hope to work in high fashion industries (with runway models, photoshoots, etc.). The ammount of money needed to attend beauty school and college is quite immense, therefore I have looked into numerous scholarships and grants that I will be and have applied for, in order to fund this schooling.



In order to pay for classes at VVC, I will be applying for FAFSA in January(applications for the 2011-2012 school year aren't being accepted until January). I used the FAFSA estimator online, and found that the ammount I will be supplied is greater than what is needed for two years at VVC, including classes and books. Once my application for FAFSA is complete, I will also be able to apply for numerous grants in efforts of funding beauty school. These grants include Federal Pell Grant, Federal Supplement Educational Oppurtunity Grant, as well as financial aid programs from the beauty school I choose to attend. I have also applied for the Military Order of the Purple Heart Scholarship, the National Italian American Foundation Scholarship, and the Sally Beauty Scholarship to put towards the cost of beauty school.



While doing research for this project, I realized just how many scholarships, grants, and financial aid programs there are available for people beginning to attend college right now. This project was very useful in growing my knowlegde of different scholariships and grants that I am eligable for, in funding my future education. Once I am able to officailly apply for FAFSA in January, I will have a better idea of more grants I am eligible for, and how much money they will be supplying me with. The goal of this project was to find a way to fund my college education/beauty school without having my parents pay for it or taking out student loans. I believe that between financial aid, scholarships, and grants that I have applied for, I will have most if not all of these expenses covered.