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Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over Wealth Tax: Need Federal Rules So People 'Can't Cherry-Pick States'

On Wednesday’s broadcast of Bloomberg’s “Balance of Power,” Rep. Sydney Kamlager-Dove (D-CA) responded to Meta CEO Mark Zuckerberg considering leaving the state over a possible wealth tax by stating that there are questions about having a one-time tax, but “it’s disappointing The post Dem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over…

Sources (1)· Oct 22, 2:31 AM

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Breitbart News Network· Oct 22, 2:31 AMDem Rep. Kamlager-Dove on Zuckerberg Considering Leaving CA Over Wealth Tax: Need Federal Rules So People 'Can't Cherry-Pick States'

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Bernie Sanders boosts wealth tax while labor argues it would devastate California's economyLabor leaders argue that the billionaires tax includes a loophole that would allow state lawmakers to tax the savings and retirement accounts and home equity of all Californians.

Los Angeles Times16d agoWhole story →

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Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stockMeta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.

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Meta Cuts Deal to Keep Zuckerberg in California Amid Tax ThreatMeta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded.

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Rep. Kamlager-Dove Says She Would Back Hegseth ImpeachmentRep. Sydney Kamlager-Dove (D-CA) says she would “100%” support Representative Thomas Massie's resolution to impeach Defense Secretary Pete Hegseth and says he would be “on the hot seat” when lawmakers return to Washington after the midterms. Rep. Kamlager-Dove also says she is confident in Los Angeles County's election safeguards after touring its…

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Meta classified Zuckerberg as a researcher to claim $355 million tax break on $4.1 billion pay, NYT reportsMeta turned billions of dollars in Mark Zuckerberg’s stock compensation into a research tax break, arguing that its CEO’s work building Facebook qualified him for a federal government incentive for technological research. The company claimed roughly $355 million in tax savings tied to $4.1 billion in stock options Zuckerberg exercised, according to a New…

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'This Is Huge,' Economist Says as Filing Shows Zuckerberg Getting Ready to Pay California Billionaire TaxFederal filings released Wednesday reveal how Meta CEO Mark Zuckerberg, one of the richest men in the world, is getting ready to potentially pay a billionaire wealth tax that is on California's November midterm ballot—an indication of the grassroots campaign's impact. "This is huge," economist Gabriel Zucman, an outspoken supporter of the proposed tax,…

Common Dreams1h agoWhole story →

Sen. Chuck Grassley puts Mark Zuckerberg on hot seat after NYC Meta worker admits to trying to sext child“The foxes must not be allowed to guard the hen house,” Sen. Chuck Grassley wrote to Meta CEO Mark Zuckerberg.

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Having to Send I.D. with Ballot Puts 'Identity at Risk'Rep. Sydney Kamlager-Dove (D-CA) claims, without evidence, the SAVE America Act "would put our identity at risk if you now have to send in a copy of your I.D. with your mail-in ballot." | Clips

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Mark Cuban’s Arguments Against The Proposed 5% CA Wealth TaxMark Cuban and Rep. Ro Khanna clashed over California Prop 40. Here are Cuban's 4 key arguments against the 5% billionaire wealth tax—and where Khanna pushes back.

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