California Gov. Gavin Newsom wants voters to reject a new tax on rich people that would pay for more electric vehicles in the nation's most populous state, warning in a new statewide TV ad that a measure on the ballot this November won't help the environment but is instead “one company's cynical scheme to grab a huge taxpayer subsidy.”
Proposition 30 would raise taxes on people who make more than $2 million per year. It would generate up to $5 billion in new tax money each year, and most of that money would go to programs that help people buy electric cars and install charging stations. A smaller amount would go to wildfire prevention response and prevention programs.
