Billionaire Tax Act - Febspot

Billionaire Tax Act

A collection of 2 posts

California union moves to place one‑time tax on billionaires on November ballot — Static01.nyt.com

California union moves to place one‑time tax on billionaires on November ballot

A California health care workers union is gathering signatures for a ballot initiative that would impose a one‑time tax on residents with billionaire-level net worth, a proposal that has touched off a heated debate across the state. The measure, drafted by Service Employees International Union‑United Healthcare Workers West

California proposal would impose one-time 5% tax on billionaires' assets — Api.time.com

California proposal would impose one-time 5% tax on billionaires' assets

Time reports that a proposed California ballot measure, the 2026 Billionaire Tax Act, seeks to impose a one‑time 5% tax on billionaires’ assets and may cause the state to lose billions in future tax revenue before it reaches the ballot. The measure would levy a one‑time 5% tax