The proposition before voters would add a 1.75% tax on personal income of more than $2 million, or fewer than 43,000 people. State analysts estimate it would raise up to $5 billion a year, mostly to help people buy electric vehicles and to build charging stations, with some also dedicated to resources for fighting wildfires.
Environmental and health group backers say California needs dedicated funding to speed the transition away from gas-powered cars and help lower planet-warming emissions. Transportation accounts for 40% of California’s greenhouse gas emissions, and increasingly deadly wildfires are another major source of carbon.
“We can’t meet our climate goals without something like this,” said Mary Creasman, chief executive officer for California Environmental Voters. “It’s either going to be all of us who pays, or it’s going to be the wealthiest who can afford to pay.”
Newsom has branded Proposition 30 as a money grab by ridesharing giant Lyft, which has spent at least $45 million backing it. State regulators have mandated that all rideshare trips be zero-emission by 2030. Uber has not taken a position on the measure.
“Don’t be fooled, Prop. 30′s being advertised as a climate initiative, but in reality it was devised by a single corporation to funnel state income taxes to benefit their company,” Newsom says in one TV ad.
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