Published 1 year ago

California voters reject tax on rich for more electric cars

Summary by KTVU FOX 2

California’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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The Washington Post

California voters reject tax on rich for more electric cars

California voters have rejected a new tax on the state’s richest residents

1 year ago

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CBS News

Election results 2022 California - AP projects: Californians reject Prop 30, a tax hike on the wealthy to fight climate change

AP projects Californians have rejected a tax increase on the state's richest residents. Proposition 30 proposed a new tax on residents who make over $2 million an extra 1.75% in order to fight climate change.

1 year ago

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The Hill

California voters reject tax on wealthy that would have promoted electric vehicles

California voters on Tuesday rejected a measure that would have imposed an additional tax on the rich in order to fund electric vehicle subsidies and charging stations. Funds from the ballot initiative, known as Proposition 30, also would have gone to support wildfire response in the Golden State. Under the proposal, residents who make more…

1 year ago·Washington, United States

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Financial Post

California voters reject tax on rich for more electric cars

SACRAMENTO, Calif. (AP) — California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on…

1 year ago·Canada

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Newsweek

California voters reject forcing the wealthy to help pay for electric cars

Proposition 30, which proposed a 1.75 percent tax on residents earning more than $2 million annually, failed by 20 percent of the vote.

1 year ago·United States

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Los Angeles Times

Proposition 30, wealth tax for electric vehicle subsidies, defeated at the polls

Proposition 30 would spend $30 billion to $90 billion to subsidize the electric car industry over the next 20 years, with the state's highest-income Californians picking up the tab.

1 year ago·Los Angeles, United States

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