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40+ California Multimillionaires Sign Open Letter Backing Billionaire Wealth Tax

Dozens of multimillionaire Californians have signed an open letter supporting a one-time wealth tax on the state's billionaire residents, calling the proposal a "very sensible solution" to a looming healthcare disaster and runaway inequality. "People like us can afford to live wherever we want. We choose to live in California because we love our state,"…

Sources (1)· Oct 20, 9:54 AM

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Newsom backs California ballot measure that cancels out billionaire tax proposalCalifornia Gov. Gavin Newsom (D) endorsed a ballot measure that, if approved by voters, would cancel out the ballot measure proposal that would impose a one-time tax on the Golden State's billionaires. On Friday, Newsom endorsed Proposition 42, which would prohibit retroactive taxes imposed by Proposition 40, known as the Billionaire Tax Act, for any...
The Hill7d agoSources (2)Whole story →
40+ California Multimillionaires Sign Open Letter Backing Billionaire Wealth Tax – KnowGov