Dossier
billionaires tax proposal
Coverage of billionaires tax proposal in the Nexus archive.
- 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.