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California Billionaire Tax Officially Has Enough Signatures for Ballot

Sfchronicle

California billionaire tax qualifies for November ballot

New York Post

Californias raid on the rich passes major milestone as hated billionaire tax qualifies for ballot

The New York Times

Billionaire Tax Officially Has Enough Signatures for California Ballot

CBS News

California billionaire tax proposal clears signature hurdle for November ballot

As Ballot Deadline Nears, Will CA Billionaire Tax Actually Go to Voters?

Ground News

Will California's billionaire tax actually make the ballot?

Bloombergtax

California Billionaire Tax Moves Closer To November Ballot

Los Angeles Times

Controversial billionaire tax proposal declared eligible for the November ballot

As ballot deadline nears, will California's billionaire tax actually go to voters?

California billionaire tax proposal qualifies for the November ballot

Metaculus

California Wealth Tax?

California Secretary of State Shirley Weber announced Wednesday that a proposed one-time 5% tax on residents with assets exceeding $1 billion had qualified for the November ballot after supporters submitted more than 1.55 million signatures, roughly double the required threshold.

California Secretary of State Shirley Weber announced Wednesday that a proposed one-time 5% tax on residents with assets exceeding $1 billion had qualified for the November ballot after supporters submitted more than 1.55 million signatures, roughly double the required threshold.

Proponents have until June 25 to decide whether to proceed, leaving open the possibility the measure could be withdrawn as part of a negotiated deal. Gov. Gavin Newsom is reportedly working to broker a last-minute agreement to pull the initiative before the ballot is finalized.

Proponents have until June 25 to decide whether to proceed, leaving open the possibility the measure could be withdrawn as part of a negotiated deal. Gov. Gavin Newsom is reportedly working to broker a last-minute agreement to pull the initiative before the ballot is finalized.

The initiative would direct 90% of revenue toward health care programs and 10% toward food assistance and education. SEIU-UHW, which represents more than 120,000 workers, says the measure is needed to offset an estimated $100 billion gap caused by federal Medicaid cuts.

The initiative would direct 90% of revenue toward health care programs and 10% toward food assistance and education. SEIU-UHW, which represents more than 120,000 workers, says the measure is needed to offset an estimated $100 billion gap caused by federal Medicaid cuts.

The proposal has divided California Democrats. Newsom and gubernatorial candidate Xavier Becerra oppose it, while Sen. Bernie Sanders and Rep. Ro Khanna have endorsed it and introduced a similar measure at the federal level.

The proposal has divided California Democrats. Newsom and gubernatorial candidate Xavier Becerra oppose it, while Sen. Bernie Sanders and Rep. Ro Khanna have endorsed it and introduced a similar measure at the federal level.

Opposition groups have raised over $107 million as of mid-June, led by Google co-founder Sergey Brin, who contributed more than $82 million to Building a Better California. The group is also funding rival ballot measures that could invalidate or weaken the tax if passed.

Opposition groups have raised over $107 million as of mid-June, led by Google co-founder Sergey Brin, who contributed more than $82 million to Building a Better California. The group is also funding rival ballot measures that could invalidate or weaken the tax if passed.

The California Legislative Analyst's Office found the tax would likely increase state revenue by tens of billions of dollars over several years but warned it could reduce income tax receipts by hundreds of millions annually if billionaires leave the state.

The California Legislative Analyst's Office found the tax would likely increase state revenue by tens of billions of dollars over several years but warned it could reduce income tax receipts by hundreds of millions annually if billionaires leave the state.

CA Billionaire Tax Hits Ballot, Divides Democrats

CA Billionaire Tax Hits Ballot, Divides Democrats

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CA Billionaire Tax Hits Ballot, Divides Democrats

CA Billionaire Tax Hits Ballot, Divides Democrats

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