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A Billionaire Tax Is on California's Ballot. Can It Make Up for Federal Healthcare Cuts?

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Sources (1)· Oct 16, 6:30 PM

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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...
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