THENATIONALPULSE (Pulse Wires) - State Ballot Wealth Tax Amasses Enough Signatures.
Supporters of a proposed one-time tax on California billionaires say they have gathered enough signatures for the measure, opposed by Governor Gavin Newsom (D), to go to a public vote in November.
Supporters of a proposed one-time tax on California billionaires say they have gathered enough signatures for the measure, opposed by Governor Gavin Newsom (D), to go to a public vote in November. PULSE POINTS WHAT HAPPENED: Proponents of a one-time five percent tax on billionaires in California claim they have gathered enough signatures to put the measure on a state ballot in November. The proposed tax would target businesses, stocks, and intellectual property, among other assets. DETAIL: On Monday, supporters of the billionaire tax announced that the measure has gained 1.6 million signatures of endorsement, enough for the measure to be placed on the state ballot, provided they can be verified. The proposal is sponsored by Service…Open