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POLITICSAug 4 · 18:11 UTCABC7 SAN FRANCISCOMonica Madden

Prop 40: Despite Newsom's opposition, CA Democrats endorse billionaire tax measure

The California Democratic Party has endorsed Prop. 40, a November ballot measure imposing a one-time 5% tax on billionaires' assets. The endorsement occurs despite opposition from Governor Gavin Newsom.

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Prop. 40topicCalifornia Democratic PartyorganizationGavin Newsompersonone-time 5% tax on the assets of billionairestopic
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