Calif. billionaire tax: ballot battle pits Democrats against tech magnates

1 min read
Source: The Washington Post
Calif. billionaire tax: ballot battle pits Democrats against tech magnates
Photo: The Washington Post
TL;DR Summary

California’s proposed 5% tax on billionaires to fund health care is headed for the November ballot, but it faces mounting opposition from top Democrats and liberal groups, with Gov. Gavin Newsom saying the measure would hurt the state as Silicon Valley billionaires prepare heavy spending to defeat it.

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