California Proposes Billionaire Wealth Tax Amid Budget Deficit
Published 2 d ago1 sourceEvidence: Unknown
California will hold a ballot measure on an extraordinary tax on millionaires to fund the public health system, which has been strained by federal cuts under President Trump. The outcome is uncertain and will test voter appetite for wealth taxes as a counter to federal policy. This matters as a potential template for other states and a signal of state-level resistance to federal health funding reductions.
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