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The Nexus
POLITICSApr 27 · 14:08 UTCTHE GUARDIAN WORLDGuardian staff and agency

California billionaire tax proposal garners enough signatures to head to ballot

A proposal to impose a one-time 5% tax on California billionaires has gathered over 1.5 million signatures to qualify for the November ballot. The measure faces opposition from Silicon Valley tech leaders and Governor Gavin Newsom.

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Mentioned
CaliforniaplaceProposal for a one-time 5% tax on billionairestopicSilicon Valley tech titansorganizationGavin NewsompersonProponents of the proposalorganizationNovember ballottopic1.5 million signaturestopic
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