Newsom rejects scaled-back billionaires tax as ballot fight looms
Newsom has long vowed to fight the measure.
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Summary
Newsom has long vowed to fight the measure. The new initiative, from Service Employees International Union–United Healthcare Workers West, would impose a one-time 2% tax on individuals. California Gov. Gavin Newsom’s office said Friday that it remains opposed to a proposed tax on California billionaires, even after the labor union backing the measure revised its plan following its qualification for the November ballot.
Furthermore, By late April, the SEIU-UHW said it had already filed more than 1.55m signatures – more than double the necessary amount and something the union has pointed to as testament to the popularity of the proposal. The union said Thursday that it would abandon the 5% tax proposal if Newsom would join them in supporting a 2% levy. California has the most billionaires out of any state – more than 200 – many of whom have increased their wealth in recent years amid the AI boom.
In addition, Newsom also opposed a ballot measure in 2022 to increase taxes on the wealthy, which would have funded programs that help people buy electric cars or install more chargers. According to a report by The New York Post, the governor is expected to sign the measures into law as part of negotiations over a broader $356 billion state budget.
Cross-referenced from 5 sources.
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Newsom has long vowed to fight the measure.
reliability moderate2/2 sourcesThe new initiative, from Service Employees International Union–United Healthcare Workers West, would impose a one-time 2% tax on individuals […]
reliability moderate2/2 sourcesCalifornia Gov. Gavin Newsom’s office said Friday that it remains opposed to a proposed tax on California billionaires, even after the labor union backing the measure revised its plan following its qualification for the November ballot.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
By late April, the SEIU-UHW said it had already filed more than 1.55m signatures – more than double the necessary amount and something the union has pointed to as testament to the popularity of the proposal.
according to The Guardian — US NewsThe union said Thursday that it would abandon the 5% tax proposal if Newsom would join them in supporting a 2% levy.
according to ABC News — PoliticsCalifornia has the most billionaires out of any state – more than 200 – many of whom have increased their wealth in recent years amid the AI boom.
according to The Guardian — US NewsNewsom also opposed a ballot measure in 2022 to increase taxes on the wealthy, which would have funded programs that help people buy electric cars or install more chargers.
according to ABC News — PoliticsAccording to a report by The New York Post, the governor is expected to sign the measures into law as part of negotiations over a broader $356 billion state budget.
according to The Times of India - Top StoriesAccording to legislative analysis, the software tax is projected to bring in $900 million annually for California’s general fund.
according to The Times of India - Top Stories
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The new initiative, from Service Employees International Union–United Healthcare Workers West, would impose a one-time 2% tax on…
omitted byLeft sideCenterRight sidecovered byRight sideCalifornia Gov. Gavin Newsom’s office said Friday that it remains opposed to a proposed tax on California billionaires, even after the…
omitted byLeft sideCenterRight sidecovered byRight sideNewsom has long vowed to fight the measure.
omitted byRight sidecovered byLeft sideCenter
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