CALIF. REJECTS TAX ON RICH FOR MORE ELECTRIC CARS

California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads. The measure would have leveed a 1.75% tax on incomes above $2 million. That’s estimated to be fewer than 43,000 taxpayers in a state of nearly 40 million. California’s highest earners pay the highest rate in the nation, at more than 13%.