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The Nexus
POLITICSJun 18 · 15:50 UTCWPLG LOCAL 10 MIAMIBy SOPHIE AUSTIN, Associated Press

California billionaire tax proposal is slated to qualify for the November ballot

A proposal to impose a 5% tax on California residents with a net worth over $1 billion to fund Medicaid, food assistance, and education has enough signatures to qualify for the November ballot. The measure faces opposition from tech moguls, Governor Gavin Newsom, and groups like the California Medical Association, while billionaire Sergey Brin has donated $82 million to oppose it.

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CaliforniaplaceShirley WeberpersonService Employees International Union Healthcare Workers WestorganizationGavin NewsompersonCalifornia Medical AssociationorganizationCalifornia School Boards AssociationorganizationSergey BrinpersonBuilding a Better CaliforniaorganizationLegislative Analyst’s Officeorganization
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