Ballot measure analysis: Proposition 30
Overview This article provides a pro/con analysis of Proposition 30, “Tax on Income Above $2 Million for Zero-Emissions Vehicles and Wildfire Prevention Initiative,” on the November 2022 ballot. New tax measures like this always raise questions about whether new taxes are needed. Those questions are especially acute when the proposed new taxes are tied to a specific policy goal. Proposition 30 does so: it will increase the tax on personal income above $2 million by 1.75%, pushing the top-earner rate to 15.05%. The revenues would be allocated to the following three sub-funds: Zero-Emission Vehicle Infrastructure Investment Plan Sub-Fund (35% of...
