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As quoted directly from the Wikipedia article on the 2012 election...

Proposition 30

This is an initiated constitutional amendment that would increase income tax on incomes over $250,000 for seven years and raise the statewide sales tax by 0.25% for four years, and allocates the additional incomes to education, as well as certain state services transferred from the state to local governments. If this measure and Proposition 38 both pass, then the measure with more "Yes" votes will take effect.

See related link for the full list of propositions.

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Q: What is proposition 30?
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