While our association has taken a stance opposing Prop 30, our partners at the California Chamber of Commerce are also urging all Californians to vote no on the ballot initiative. Jennifer Barrera of the CalChamber wants to be clear about their opposition, stating “a “No” vote on Proposition 30 is a vote against new taxes, not a vote against the environment.”
Proposition 30 proposes a tax hike on higher income taxpayers by 1.75 percentage points, which would raise the top income tax rate to a whopping 15.05%—far higher than any other state income tax in the nation.
Primarily sponsored by one company and environmental advocates, Prop. 30 is estimated to raise taxes by $60 billion to $80 billion over the course of 20 years for projects and programs that are already top spending priorities for the Governor and Legislature, including subsidizing electric vehicle (EV) purchases, installation of EV charging stations, and increased funding for wildfire suppression and prevention
Proposition 30 has drawn widespread and diverse opposition, including Governor Newsom, business organizations, labor unions, civil rights leaders and almost every newspaper editorial board.