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Signature Drive

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politics1 month ago•2 min saved

California billionaire wealth tax surges toward ballot after massive signature haul

Labor union SEIU United Healthcare Workers West says it collected more than 1.5 million signatures to qualify a one-time 5% wealth tax on Californians with net worth over $1.1 billion for healthcare funding; enough valid signatures (875,000) must be verified to place the measure on the November ballot, a move that deepens Democratic divisions while facing both support and opposition.

via NBC News|

#billionaire-tax #california-ballot #healthcare-funding

politics1 month ago•6 min saved

California billionaire wealth tax clears path to November ballot after signature surge

Advocates say they’ve collected about 1.6 million signatures—roughly double the 875,000 required—to qualify a one-time 5% tax on assets over $1 billion for California’s November ballot. The revenue would fund healthcare programs (about 90%), with the rest for food assistance and education, to offset anticipated federal cuts. Opponents warn the tax could hurt the economy and drive wealthy residents away, while the measure splits Democrats—Gov. Newsom opposes it, Bernie Sanders supports it.

via Los Angeles Times|

#california #healthcare-funding #politics