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Billionaires mount $300 million fight against California wealth tax
Original: gavin newsom
A coalition of billionaires is making a final push against California's proposed wealth tax, in a fight estimated at $300 million, according to Bloomberg. The campaign puts Governor Gavin Newsom and state lawmakers under pressure as the debate over taxing extreme wealth intensifies in California, with national attention on whether the state becomes the first to adopt such a levy.
Why now: The high-stakes $300 million campaign against a California wealth tax involving Governor Newsom is drawing fresh national attention.
Gavin NewsomCaliforniaBloomberg
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Evidence
- Who’s donating to the billionaire-backed group that has raised almost $300 million to fight the wealth tax? · The Mercury News
- Billionaires Mount Last Push Against California Wealth Tax in $300 Million Fight · Bloomberg.com
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