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billionaires tax proposal

Coverage of billionaires tax proposal in the Nexus archive.

Earliest in view: Jun 19 · 06:53 UTCMost recent: Jun 19 · 06:53 UTC
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  • POLITICSJun 19 · 06:53 UTCAP NEWS
    California labor union offers to scale back billionaire tax proposal after pushback

    A California labor union scaled back its proposed 5% billionaires tax to 2% after pushback, but Governor Gavin Newsom rejected the revised plan. The tax aims to generate $100 billion for healthcare and other programs but faces opposition from critics including Newsom, the California Medical Association, and Silicon Valley tech moguls.