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California billionaire tax qualifies for November ballot despite opposition · Cyprus Report

Tech · World

California billionaire tax qualifies for November ballot despite opposition

1 sourceFirst reported 1 month agoUpdated 1 month ago

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California officials announced the billionaire tax qualified for the November ballot.
The tax proposes a one-time 5% levy on residents worth over $1 billion.
Tech moguls and Governor Gavin Newsom oppose the measure.
The proposal faces significant debate amid support from labor unions.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

California ‘billionaire tax’ makes ballot despite opposition from tech mogulsThe Guardian · 1 month ago

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AI summary: catch up in 20 seconds

California officials announced the billionaire tax qualified for the November ballot.
The tax proposes a one-time 5% levy on residents worth over $1 billion.
Tech moguls and Governor Gavin Newsom oppose the measure.
The proposal faces significant debate amid support from labor unions.

Generated by AI from the 1 sources below · always verify with the originals