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Midterm elections could bring higher taxes in some states: What voters need to know
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As Americans head to the polls for the pivotal midterm elections, all eyes are on whether Republicans or Democrats will win the battle for Congress.
But residents in some states will have to decide whether to enact major tax policy changes, including hiking rates paid by the richest Americans.
Here is a look at some of the biggest tax changes on the ballot this year.
Rich Americans living in California could see their already steep taxes soar even higher if voters approve a controversial tax-the-rich ballot measure on Tuesday.
The measure, Proposition 30, would hike taxes by 1.75% on those earning $2 million per year, generating up to $5 billion in new revenue annually. The bulk of that money would go to programs that help people buy electric cars and install charging stations. A smaller portion would go toward wildfire prevention efforts.