California Gov.
Gavin Newsom
is laying the groundwork to run for president in 2024. That may explain why he is opposing Proposition 30, a November ballot measure that would raise the Golden State’s already punishing top 13.3% income-tax rate to subsidize electric vehicles.
“Prop. 30 is a Trojan horse that puts corporate welfare above the fiscal welfare of our entire state,” Mr. Newsom says in a TV ad. No, he hasn’t been struck by a bright light on the road to the White House. His opposition seems to have less to do with the harm the tax hike would do to his state than with who is opposing it: the California Teachers Association and wealthy liberal donors.
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The initiative is being bankrolled almost exclusively by
Lyft,
the San Francisco-based ride-share company, which has spent $45 million in support. Lyft’s involvement requires some explaining, though it doesn’t make complete sense.
Democrats in 2018 enacted legislation requiring the California Air Resources Board, known as CARB, to set out a plan to electrify the fleets of ride-hailing services such as Lyft and
Uber.
The law didn’t establish firm electric-vehicle targets for the companies.
In summer 2020 Lyft and Uber tried to win favor with liberals amid a ballot fight with labor unions by pledging a full transition to electric vehicles…
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