Politicsscore 518·6 metrosupdated 5h ago
California Billionaire Tax Faces Opposition from Democrats and Wealthy Allies
A coalition of prominent Democrats and wealthy individuals, including tech moguls, is opposing a California proposal to tax billionaires' net worth. The measure, Proposition 40, aims to impose a one-time 5% tax on those with over $1 billion in wealth, with funds directed towards healthcare funding.
Where it's breaking
Local coverage
Top Democrats and allies join the wealthiest to fight a California billionaire tax
Top Democrats and allies join the wealthiest to fight a California billionaire tax
Top Democrats and allies join the wealthiest to fight a California billionaire tax
California Billionaire Tax Faces Opposition from Democrats and Wealthy Allies
Top Democrats and allies join the wealthiest to fight a California billionaire tax
Sources cited
Original outlets that filed on this story across the contributing metros. Click through for the underlying coverage.
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