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The Nexus
POLITICSJun 18 · 17:25 UTCGUARDIAN USNick Robins-Early

California ‘billionaire tax’ makes ballot despite opposition from tech moguls

A controversial California proposal to impose a one-time 5% wealth tax on residents worth over $1 billion has qualified for the November ballot. The tax faces opposition from tech moguls and Governor Gavin Newsom but is supported by labor unions.

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