billionaire tax proposal
Coverage of billionaire tax proposal in the Nexus archive.
- The union behind California’s billionaire tax is blinking, but Gavin Newsom wants to inflict total defeat
A labor union scaled back its proposal for a one-time 5% tax on California billionaires to 2%, but Governor Gavin Newsom rejected the compromise. The revised tax aims to generate $100 billion for healthcare and education but faces opposition from Newsom and groups like the California Medical Association, who argue it would harm state revenue and public services.
- Controversial billionaire tax proposal declared eligible for the November ballot
A controversial billionaire tax proposal has tentatively qualified for the November ballot after election officials verified petition signatures gathered by its supporters.
- Controversial billionaire tax proposal declared eligible for the November ballot
A controversial billionaire tax proposal has tentatively qualified for the November ballot after election officials verified petition signatures gathered by its supporters.