Monday, September 19, 2022

California Voters to Vote on Raising Top Marginal Tax Rate to 15.05 %

Ballotpedia says even the teachers unions are against this one...

Yes on 30: Clean Air California is leading the campaign in support of Proposition 30. It has received endorsements from the California State Association of Electrical Workers and California Environmental Voters. The committee has reported over $15.6 million in contributions as of August 1, 2022. Lyft was the top contributor with $15 million in contributions. Bill Magavern, one of the authors of the initiative, said, "We need to protect the health of Californians. California needs to step up to protect its own. The state is doing a lot to reduce harmful emissions but the budget, even with the governor making the commitment he has, is insufficient to address these problems."

Proposition 30 has received opposition from Gov. Gavin Newsom (D), the California Teachers Association, and the Howard Jarvis Taxpayers Association. Gov. Newsom (D) said, "Prop. 30 is a special interest carve-out — a cynical scheme devised by a single corporation to funnel state income tax revenue to their company. … Californians should know that just this year our state committed $10 billion for electric vehicles and their infrastructure."

Democracy, at times, really can be theft via majority voting...