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News Wire / politics

California Billionaire Tax Measure Heads To November Ballot

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Supporters of a measure in California claim to have collected enough signatures to place a proposal on the ballot. The measure aims to address protections for billionaires in the state. The specific mechanism of the proposal was not detailed in the report. Supporters of a proposed tax on billionaires in California claim to have collected double the required signatures to place the measure on the November ballot. Proponents state the tax is necessary to address state needs. The measure is now moving closer to a public vote. A proposed one-time 5 percent tax on wealth, including stocks and real estate, is moving toward a vote in California this November. The tax would target total assets rather than just income. Google co-founder Sergey Brin has reportedly commented on the plan. The measure has faced opposition from those affected by the proposed tax.

Topics

California ballot measure

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Sources · 7 independent

NBC News Radio

“billionaires in California is just one step closer to going before voters. Here's Jason Nathanson. Backers of the measure say they have enough signatures to put it up for a vote on the ballot.”

NBC News Radio

“Backers of the measure say they have enough signatures to put it up for a vote on the ballot in November. In fact, they say they have double the amount of signatures needed.”

NBC News Radio

“Backers of the measure say they have enough signatures to put it up for a vote on the ballot in November. In fact they say they have doubled the amount of signatures needed.”

SRF 4 News

“Darauf also eine Einmalsteuer in Höhe von 5 Prozent. Wie gesagt, dafür gibt es jetzt genug Unterschriften, dass das Ganze im November in Kalifornien zur Abstimmung kommt.”

SRF 4 News

“genug Unterschriften, dass das Ganze im November in Kalifornien zur Abstimmung kommt. Militärinnen und Militäre sollen also eine Einmalabgabe bezahlen.”

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