Should millionaires be taxed more to help pay for large-scale infrastructure projects and electric vehicle purchases? Voters in Massachusetts and California will decide on Nov. 8:
In the run up to the midterm elections where costs are top of mind for many people, voters in Massachusetts and California are being asked to decide if millionaires in their states should taxed more to help pay for large-scale public goals like improved infrastructure and widespread electric vehicle purchases.
California polling shows a tightening race. While one poll from early October showed 49% of voters backing Proposition 30 versus 37% in opposition, a more recent poll showed more than half of people likely voting against the measure with 41% in support. Two years before Massachusetts’ Question 1, voters in Illinois — another Blue-state bastion — rejected the chance to turn the state’s flat income-tax rate into a graduated scale, Walczak noted.
But after the Biden administration and Congressional Democrats unsuccessfully pressed several ways to levy more tax from high earners, the California and Massachusetts votes firmly keep the focus on the question of higher taxes for the rich. Opponents to Proposition 30 include the California Teachers Association, a slew of chambers of commerce, the California Republican Party, and California Gov. Gavin Newsom — a high-profile Democrat who’s recently proposed a windfall tax on oil companies. California drivers typically pay the country’s highest gas prices.
In one advertisement, Newsom said Proposition 30 was “being advertised as a climate initiative but in reality it was devised by a single corporation to funnel state income taxes to benefit their company.” In a CNBC interview last month, Newsom said it was a “terrible initiative” with “terrible timing.”
“I’m fortunate enough to be impacted by this tax and happy to pay it to help turn back the clock on this existential threat,” said Logan Green, co-founder and CEO, at Lyft. “Lyft benefits because everybody in California benefits. There’s not a single line in the ballot that directs any money to Lyft,” Maviglio said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Latest line: A good week for California voters, a bad week for ex-Sheriff Laurie SmithElection Day is almost here; and longtime Santa Clara County sheriff’s career ends in disgrace
Read more »
Massachusetts Museum Returns Sacred Items To Sioux TribesA two hour ceremony was held to mark the symbolic return of about 150 sacred items that had been stored at a small museum for more than a century.
Read more »
Massachusetts museum returns sacred items to Sioux tribesA two hour ceremony was held in Massachusetts on Saturday to mark the symbolic return of about 150 items considered sacred by the Sioux peoples that had been stored at a small Massachusetts museum for more than a century
Read more »
Massachusetts museum returns sacred items to Sioux tribesThe items being returned are just a tiny fraction of an estimated 870,000 Native American artifacts — including nearly 110,000 human remains — in the possession of the nation’s most prestigious colleges, museums and even the federal government.
Read more »
‘Republicans Abandoned Me’: Meet the Dobbs Voters of MichiganThe stories of nine Michiganders show how they are poised to decide the fate of abortion rights in the state. Many of them say their relationship to political activism has been changed forever by this high-stakes election cycle.
Read more »