Sergey Brin donates additional $25m to block California's proposed billionaire wealth tax
By
Dara Kerr
Summary
Sergey Brin, co-founder of Google, has donated an additional $25 million to a Super Pac opposing California's proposed Billionaire Tax act, bringing his total contribution to $45 million. Former Google CEO Eric Schmidt also contributed an additional $1.02 million on top of a previous $2 million donation. The proposed tax would impose a 5% wealth tax on California billionaires, and tech industry leaders are pouring significant resources into blocking the ballot measure.
Source
bskySergey Brin donates additional $25m to block California's proposed billionaire wealth taxtheguardian.comKey quotes
· 3 pulledNew filings with the state show that former Alphabet president Sergey Brin donated $25m to a Super Pac dedicated to blocking the tax on top of $20m he had already given.
The company's former CEO Eric Schmidt donated $1.02m, adding to a previous $2m contribution.
The tech titans are battling the California Billionaire Tax act, often referred to simply as the
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