Posts Tagged: Proposition 30
News
Voters like taxing the rich, as a rule, but Proposition 30, which would take from millionaires and give to electric cars, headed into election night with nearly as much opposition as support – making it appear to be one of the few cliffhangers on the statewide ballot. But that was short lived: By Wednesday morning, Proposition 30 was soundly rejected by about an 18-point margin
Recent News
In the final weeks before Election Day on Nov. 8, support for Proposition 30, the state ballot measure on funding to reduce greenhouse gas emissions, has slid to less than a majority. On the congressional front, Democrats hold an overall edge across the 10 competitive districts that could determine which party controls the US House of Representatives.
News
The midterm campaign season enters its final stretch after Labor Day — in the context of rising consumer prices and higher interest rates that have created financial turbulence and uncertainty about job growth. Meanwhile, Californians are feeling the impact of climate change: severe drought, heat waves, and wildfires. Recently passed federal and state legislation aims to address these issues ahead of the highly consequential Nov. 8 election.
Podcast
CAPITOL WEEKLY PODCAST: Proposition 30 has qualified for the November ballot. The initiative, a proposed 1.75% tax on Californians making over $2 million per year to fund electric vehicle infrastructure and combat wildfires, has fragmented traditional Democratic coalitions, splitting unions and putting Gov. Gavin Newsom – who has pursued an aggressive strategy to phase out gasoline-powered cars – in opposition.
News
For the third time in a decade, voters have a chance to raise taxes on the rich, but this time the money would pay for electric vehicles and charging stations instead of schools and community colleges, a distinction that has drawn opposition from key supporters of those previous tax hikes.
Analysis
ANALYSIS: Recent radio and TV ads claim California’s K-12 public schools face dire cuts if voters fail to approve Proposition 55, a measure on November’s ballot that would extend an income tax hike on wealthy residents. The ads by the Yes on 55 campaign paint a dark picture. They cite past spending cuts that led to thousands of teacher layoffs, eliminated art and music programs and increased class sizes a few years ago.
Opinion
OPINION: Californians can breathe a sigh of relief. When proponents of a 2016 ballot proposal to extend Proposition 30’s tax rates on wealthy Californians amended their measure this week, they did something that was both politically smart and fiscally sound: They eliminated a provision the governor a few days ago called the measure’s “fatal flaw”, that would have exempted this proposed new revenue from the state’s Rainy Day Fund.
News
California, long bedeviled by daunting budget deficits, is likely to end the next fiscal year with $4.2 billion in reserve, with half that amount due to a budget-reform measure that voters approved on Nov. 4, according to the Legislature’s nonpartisan financial adviser.
A line of vehicles charge up at a Tesla Supercharger station in Westminster. (Photo: The Image Party, via Shutterstock.)
