If you are making less than 75K, this is an 8% Tax Increase. If you make more than 75K, then your taxes will increase up to 27%
One more thing to think about. Once approved they can lower the threshold without a vote of the people. Meaning that in a year the higher tax rate could apply to those making oh, $30K per year. For the children ya know. They always love to be able to change the rules.