Headline from ABC 7 San Francisco, on the newest of 2 developments
Supporters say Prop. 40 would apply only to Californians with a net worth that exceeds $1 billion. According to the campaign, the tax could generate about $100 billion and would be paid by roughly 200 billionaires.
ABC 7 San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Momentum Grows For Billionaire Wealth Tax in California
The California Democratic Party’s executive board voted Sunday to support a ballot measure that would tax billionaire’s wealth to help plug looming healthcare cuts. The party also took official positions on the other 13 ballot initiatives. The pitched and often…
The California Democratic Party's executive board meeting concluded in San Diego with endorsements for several ballot measures, including Proposition 40, while leaders voiced opposition to Propositions 39 and 44.
The California Democratic (CADEM) Party on Sunday announced that it backs a ballot measure to charge the state’s 200 billionaires with a one-time, five-percent tax on their net worth, a measure that has faced opposition from California Democrats, including the state's governor.
Supporters say Prop. 40 would apply only to Californians with a net worth that exceeds $1 billion. According to the campaign, the tax could generate about $100 billion and would be paid by roughly 200 billionaires.
The California Democratic Party is continuing its economic destruction of the state, driving taxpayers out while ramping up spending year after year. The California Democratic Party officially endorsed the union-promoted billionaire tax that voters will see on the ballot later this year.
