California Democrats back billionaire tax
作者 Flint: Gavin Newsom
California Democrats are backing a ballot measure that hits roughly 200 billionaires with a one-time 5% tax on their assets. Party chair Rusty Hicks put out a statement supporting it, but Governor Gavin Newsom is pushing back, warning the tax could hurt the state's economy. So the party is officially behind it even with that internal friction
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are throwing their support behind a controversial ballot measure. They would impose a one-time 5% tax on the assets of roughly 200 billionaires across the state. State party chair Rusty Hicks writing, quote, California Democrats take a deliberative approach to our endorsement process that puts our values first and ensures our members have a meaningful voice in shaping the future of our state. The endorsement puts the party at odds with Governor Gavin Newsom, who in the past has WON THE MEASURE COULD HURT CALIFORNIA'S ECONOMY.
