California’s billionaire levy is gathering more than enough signatures for the November ballot
“Most Californians and billionaires recognize how sensible and necessary this proposal is – keeping emergency rooms open and saving California businesses from closing,” SEIU-UHW chief of staff Suzanne Jimenez said in a statement.
“A very small group of the world’s most controversial billionaires has tried to prevent Californians from being able to save their emergency rooms and hospitals – but our current signature proves that top health workers will succeed in bringing this commonsense proposal to the voters,” he continued. “When our growing coalition signs these signatures, David will have won the first round against Goliath, but our health care workers and supporters will not stop until we fully protect our patients from the impending health disaster that will result from the $100 billion in cuts to California health care.”
‘Big Money Show’ panel discusses California’s proposed wealth tax, potential economic impact and migration from green states.
SEIU-UHW did not immediately respond to Fox News Digital’s request for comment.
Opponents of the move have warned that the tax could kill an estimated 108,000 high-paying jobs over the next 20 years, the New York Times reported on Sunday. Democratic Gov. Gavin Newsom even acknowledged that the state’s proposed wealth tax is bad for the economy, previously saying he felt confident in opposing the proposal after reports showed some of California’s wealthiest residents moving money and businesses out of state, warning that the move would hurt the economy and drive away investment.
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California Councilman Steve Hilton discusses new developments in the investigation of former California congressman Eric Swalwell on ‘The Evening Edit.’
While the Legislative Analyst’s Office predicted a short-term increase in revenue, it warned of “a continuing decline in federal income tax revenue of hundreds of millions of dollars or more annually” as billionaires flee the country in response.
Some of those public figures who moved their residences or businesses to California before the Jan. tax deadline. 1 that includes Google founders Larry Page and Sergey Brin, Mark Zuckerberg of Meta, Peter Thiel, Steven Spielberg, Travis Kalanick of Uber and auto loan executive Don Hankey.
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