5% tax
Coverage of 5% tax in the Nexus archive.
- Why St. Cloud’s mayor is proposing a 3.75% property tax hike
The city of St. Cloud is considering a 3.75% property tax increase, proposed by Mayor Jake Anderson, aimed at retaining essential city staff like police officers and firefighters due to rising personnel costs. If approved, this hike would combine with an existing fire department funding increase, totaling a 6.44% raise in property taxes. Residents have expressed concern over the cost increases and are demanding accountability for how the funds will be spent.
- Billionaire tax is endorsed by California Democrats, deepening party divisions over Prop. 40
The California Democratic Party supported Prop. 40, a 5% billionaire tax for healthcare, despite opposition from Newsom and labor leaders.
- California billionaire tax will appear on ballot after deadline for deal passes
California voters will decide on a one-time 5% billionaire tax in November after backers declined to withdraw the measure by the deadline. The tax is a high-profile ballot effort targeting wealth disparities, with tech moguls spending to oppose it.
- Maine Senate candidate Graham Platner embraces democratic socialism at Bernie Sanders rally in Portland
Maine Senate candidate Graham Platner, the presumptive Democratic nominee, aligned with Sen. Bernie Sanders at a Portland rally, criticizing Republican Sen. Susan Collins and advocating for progressive policies like a 5% wealth tax on billionaires and reduced U.S. military spending in Gaza and Iran. The event aimed to mobilize grassroots support for Platner's November election.