Prop. 40
Coverage of Prop. 40 in the Nexus archive.
- Arellano: What gets me so angry about California's proposed billionaire tax
Arellano expresses anger toward California's proposed billionaire tax, arguing that Prop. 40 supporters overlook how billionaires retaliate by funding political efforts against progressive candidates. The article suggests billionaires are increasingly using their wealth to counter progressive policies.
- Arellano: What gets me so angry about California's proposed billionaire tax
The article argues that California's proposed billionaire tax (Prop. 40) risks backlash from billionaires, who may retaliate by funding political candidates opposed to progressive policies. It criticizes supporters of the tax for underestimating the potential resistance from wealthy individuals.
- Prop 40: Despite Newsom's opposition, CA Democrats endorse billionaire tax measure
The California Democratic Party has endorsed Prop. 40, a November ballot measure imposing a one-time 5% tax on billionaires' assets. The endorsement occurs despite opposition from Governor Gavin Newsom.
- 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.
- 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. The measure aims to fund healthcare through a tax on billionaires.
- California Democratic Party committee backs wealth tax, but final vote looms
The California Democratic Party committee supports a wealth tax, but a final vote to confirm support for Prop. 40 will occur Sunday.