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California Billionaire Tax Ballot Measure

California Billionaire Tax Ballot Measure

Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 24, 20261m 15s

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Show Notes

Californias Proposed Billionaire Tax: A Midterm Election Showdown - A new ballot measure in California seeks to impose a one-time five percent tax on billionaires net worth, with funds going to healthcare and social programs. Early polls show strong support, but billionaires are fighting back with rival initiatives and signature drives. The measures fate hangs in the balance as it faces competition for signatures and potential backlash from candidates in the midterm election race.

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