The Guardian Australia
·general
·3 hours ago
California billionaire tax proposal garners enough signatures to head to ballot
California's billionaire tax proposal has secured over 1.5 million signatures, enabling it to appear on the November ballot. The measure imposes a one-time 5% tax on billionaires' assets, but faces significant opposition from tech leaders and Governor Gavin Newsom. Supporters believe the tax could alleviate cuts to health services for low-income individuals.
Summary by Glance · The Guardian Australia
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