Proposition 30 would raise the tax on incomes over $2 million by 1.75%. That would not apply to earnings less than $2 million and would only affect 1% of our state’s population.
The revenue so generated would be directed to electric vehicle subsidies, to the installation of EV infrastructure such as charging stations, and to wildfire prevention programs. It would be a significant contribution to reducing our production of greenhouse gasses and the heating up and drying out of our state’s climate. EV subsidies are called for as we push to leave our oil-dependent forms of transportation but without inexpensive EV options available to lower and middle-income families.
It has been proposed that it will cause multi-millionaires to flee California, but those leaving are mostly poor and middle-income people faced with rising housing costs. Millionaires tend to stay where they generate their incomes. Since many of them like EV changes, they will equally qualify for EV subsidies and improved infrastructure for their vehicles. We urge a YES vote on this measure.