California Voters Reject Tax For The Rich To Fund State's EV Ambitions | Carscoops carscoops
Voters in California have rejected a 1.75 percent tax increase on those earning more than $2 million a year, even though the funds would have been used to fund important climate plans.help people buy electric cars
and install more chargers. Additionally, 20 percent of the money would have gone toward boosting resources for fighting wildfires. However, Democratic Governor Gavin Newsom campaigned against the measure, stating that it was a taxpayer-funded giveaway to rideshare companies, noting that local law will require rideshare companies to almost exclusively use zero-emissions vehicles by 2030. Furthermore, Lyft provided most of the funding to support the campaign,“CA voters decisively rejected this poorly crafted and unnecessary tax hike.
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California Voters Reject Tax on Rich for More Electric CarsCalifornia voters have rejected a new tax on the state’s richest residents. Proposition 30 would have boosted the tax on incomes above $2 million to help put more electric cars on the road. Backers of the measure said California badly needs a reliable source of money to reduce greenhouse gas emissions from transportation. The measure’s defeat marks a win for Democratic Gov. Gavin Newsom, who campaigned against it despite his support for electric cars. He called it a corporate giveaway for ridesharing companies like Lyft, which paid for the “yes” campaign.
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California voters reject a tax-the-rich ballot measure in midterm electionsA wealth tax intended to fund climate-related projects was rejected on Tuesday by California voters, who said 'no' to a higher levy on ultra-rich individuals.
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Prop 30: California Voters Reject Tax on Rich for More Electric CarsCalifornia’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads.
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California voters reject forcing the wealthy to help pay for electric carsProposition 30, which proposed a 1.75 percent tax on residents earning more than $2 million annually, failed by 20 percent of the vote.
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