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quaint

(3,713 posts)
7. Prop 30, What would it do?
Thu Sep 22, 2022, 08:38 AM
Sep 2022

From CalMatters (lots more on this proposition there).


Prop. 30 would impose a 1.75% personal income tax increase on Californians making more than $2 million per year to fund a suite of climate programs. The goal is to clean up the state’s dirty air and help meet ambitious greenhouse gas reduction targets.

The proposition creates 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.

Most of the money — about 80% — would go towards rebates for people buying zero-emission cars and to build more charging stations. Half of that funding will go to low- and middle-income residents, who are disproportionately affected by poor air quality and heavy pollution. The state already spends millions each year on zero-emission vehicle programs and dedicated an additional $10 billion over the next five years to those programs in this year’s budget.

A quarter of the tax money would provide funding to hire and train firefighters, who are battling increasingly worsening wildfires. On average, the state spends about $2 billion to $4 billion annually putting out wildfires.

The tax would go into effect in January 2023 and would end by January 2043, or possibly earlier, if the state is able to slash its emissions to at least 80% below 1990 levels for three consecutive calendar years.

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