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Proposition 30 would have taxed residents making more than $2 million a year to subsidize electric cars and public charging stations as well as funded wildfire prevention programs. Even with just 41% of the votes tallied so far, the defeat was clear. As of Wednesday afternoon, some 59% of voters rejected the proposition

Prop. 30’s primary backer was Lyft, which paid more than $48 million to support the would-be wealth tax. The measure’s opponents — which included Democratic Governor Gavin Newsom and venture capitalists Michael Moritz and Ron Conway — cast Prop. 30 as a “Lyft grift,” calling it a “scheme to further line the pockets of Silicon Valley tech billionaires.”
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