Tax initiative threatens high earner base.
1 report, 1 independent
Updated Jun 18
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What happened
Tax initiative threatens high earner base.
Who's involved
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Part of
California is targeting high net worth individuals with a proposed tax on billionaires, involving political figures like Donald Trump, Gavin Newsom, and Bernie Sanders.Also in this story
- Governor Newsom opposes a wealth tax proposal, warning about billionaires on Forbes list, and proposing healthcare cuts in his bill.
- Nvidia CEO and political figures, including Bernie Sanders, support the proposed billionaire tax in California.
- Gavin Newsom and the State of California are facing pressure regarding the state's healthcare funding.
- Prominent progressives Gavin Newsom and Bernie Sanders are opposing a new tax measure targeting high net worth individuals, which was prompted by Trump's tax breaks.