California
Friday, 6/26, 07:32 PM
California voters to decide one-time billionaire wealth tax in November
- A union-backed ballot measure would levy a one-time 5% tax on the net worth of California's roughly 200 billionaires to fund health care, education and food programs.
- Tech wealth is mobilizing against it — and Governor Gavin Newsom, who opposes the state measure, is pushing a federal version of his own.