California’s Proposition 40 wealth tax faces double threat from competing measures 41 and 42
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California voters will decide in November whether to approve a first-in-the-nation wealth tax, but the fate of the contentious ballot measure will rest on how much support two competing initiatives receive.
Proposition 40 — a one-time, 5% levy on the state’s more than 200 billionaires — was proposed by SEIU United Healthcare Workers West last year as a way to address the state’s lost revenue from federal cuts, with 90% of the dollars raised going to healthcare and 10% to food assistance or educa
Proposition 40 — a one-time, 5% levy on the state’s more than 200 billionaires — was proposed by SEIU United Healthcare Workers West last year as a way to address the state’s lost revenue from federal cuts, with 90% of the dollars raised going to healthcare and 10% to food assistance or educa
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