California’s billionaire tax proposal heads to voters as Newsom pushes national wealth tax

California voters will decide whether the state’s billionaires should face a 5% net-worth tax in November after Gov. Gavin Newsom’s (D-CA) opposition to the idea failed to stop it from getting on the ballot. The ballot measure will decide if the state should impose a one-time 5% tax on its billionaire residents, an idea that […]