Tech executives spend over $100M to oppose California's Billionaire Tax ballot measure
By
Rose Aguilar, Nina Kissinger
Summary
California's proposed "Billionaire Tax" ballot measure, backed by the SEIU-UHW union, has qualified for the November ballot. The measure would increase taxes on the state's wealthiest residents. Tech executives and billionaires, along with Governor Gavin Newsom, are spending over $100 million to oppose it. The article highlights the growing conflict between progressive tax proposals targeting extreme wealth and the powerful tech industry figures who would be most affected.
Source
bskyTech executives spend over $100M to oppose California's Billionaire Tax ballot measurekalw.orgKey quotes
· 2 pulledThe SEIU-UHW backed ballot measure, which has qualified to be on the November ballot, is facing extreme pushback from Governor Gavin Newsom and tech billionaires.
Tech execs spend over $100M to oppose CA Billionaire Tax
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