California Proposition 30 would impose a 1.75% personal income tax increase on the top-earning Californians — for the share of their income above $2 million — per year to fund a suite of climate programs. But returns showed voters defeating the measure. With 47.6% of precincts partially reporting, Prop. 30 was failing with 57% no votes to 43% yes votes.
The goal of the measure was to clean up the state’s dirty air and help meet ambitious greenhouse gas reduction targets.
The proposition would create a new revenue stream to subsidize zero-emission vehicles and fund wildfire response and prevention — between $3.5 billion to $5 billion annually, growing over time, according to state analysts.
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