State Ballot Wealth Tax Amasses Enough Signatures

Supporters of a proposed one-time tax on California billionaires say they have gathered enough signatures for the measure, opposed by Governor Gavin Newsom (D), to go to a public vote in November.PULSE POINTS❓ WHAT HAPPENED: Proponents of a one-time five percent tax on billionaires in California claim they have gathered enough signatures to put the measure on a state ballot in November. The proposed tax would target businesses, stocks, and intellectual property, among other assets.

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