Newsom goes after SF tech titan in new ad towards Prop. 30 - SFGATE

In this frame grab from video provided by the No on 30 campaign, California Gov. Gavin Newsom urges voters to reject Proposition 30. The ballot measure would raise taxes on people who make more than $2 million a year. Most of the money from the tax would go to programs that help people purchase electric cars. The proposition is funded by ride-hailing company Lyft. (No on 30 Campaign via AP) in this body grab from video offered by using the No on 30 crusade, California Gov. Gavin Newsom urges voters to reject Proposition 30. The pollmeasure would elevate taxes on americans who make greater than $2 million a yr. many of the cash from the tax would go to programs that assist americans buy electric powered automobiles. The proposition is funded with the aid of ride-hailing business Lyft. (No on 30 crusade via AP)AP

California Gov. Gavin Newsom is cutting advertisements in opposition to November's Proposition 30, a tax raise on excessive-profits earners that would pay for more electric motors.

Prop. 30 raises earnings taxes 1.75% on individuals who make $2 million or extra. In a 30-2nd television ad released Monday, Newsom calls Prop. 30 a "computer virus" and "one enterprise's cynical scheme to seize an immense taxpayer-funded subsidy." The company in query is San Francisco-based Lyft, which faces a state requirement to have most of its fleet made from electric automobiles via 2030. Lyft, in the hunt for executive suggestions in reaching this requirement, has spent $15 million in assist of the measure.

"It changed into devised by means of a single company to funnel state revenue taxes to benefit their company," Newsom says in the ad. "Put with no trouble, Prop. 30 is a trojan horse that places corporate welfare over fiscal welfare of our entire state."

Newsom's stance on Prop. 30 areas him at odds with the California Democratic birthday party, which has come out in assist of the measure, alongside several environmental businesses. The California Republican birthday party and the California Chamber of Commerce are in opposition to the invoice.

"it's disappointing that the Governor would side with the Californian Republican birthday celebration and a handful of San Francisco billionaires who would somewhat youngsters breathe toxic, polluted air than pay their fair share," the "sure" crusade observed in a press release to The associated Press.

An interior poll from the "no" campaign discovered that opposition to the measure rose from 31% to sixty two% when voters have been suggested of Newsom's stance.

Eric Ting is SFGATE's politics editor. he's an East Bay native who has a grasp's diploma in journalism from Stanford school. Eric did his undergrad at Pomona college, the place he majored in politics and minored in economics. electronic mail:

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