California Billionaire Tax Qualifies for November Ballot, Stoking Healthcare Funding Debate
TL;DR
A union-backed measure would impose a one-time 5% tax on California residents with net worth above $1 billion to raise about $100 billion for healthcare (90%), education, and food assistance; it has qualified for the November ballot despite opposition from Gov. Gavin Newsom and billionaire opponents like Sergey Brin, while attracting support from Bernie Sanders and others, with legal challenges and questions about potential capital flight looming as voters weigh the proposal.
Topics:nationpolitics#bernie-sanders#billionaire-tax#california-ballot#healthcare-funding#politics#seiu-uhw
- California billionaires are spending big to kill a tax meant to fund health care CalMatters
- California ‘billionaire tax’ makes ballot despite opposition from tech moguls The Guardian
- California billionaires tax qualifies for ballot, setting up costly fight Politico
- California billionaire tax qualifies for November ballot San Francisco Chronicle
- California billionaire tax proposal is slated to qualify for the November ballot KMPH
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