San Diego Business Journal

Proposition 29 Fight Draws Business Leaders

By Brad Graves Monday, June 4, 2012

Four San Diego business leaders have weighed in regarding Proposition 29, the cigarette tax measure on the June 5 California ballot which has generated a good deal of television advertising.

Money raised by Proposition 29’s additional tax on tobacco products would fund cancer research. Measure opponents argue that the proposition is flawed and could lead to wasteful spending.

Contrary to what some are saying, the four local business leaders assert that Proposition 29 would be good for San Diego. The four in favor of the proposition are Duane Roth, CEO of Connect; Joe Panetta, president and CEO of Biocom; Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corp.; and Ruben Barrales, president and CEO of the San Diego Regional Chamber of Commerce.

Their editorial can be read here.