California billionaire tax will appear on ballot after deadline for deal passes
California's billionaire tax will appear on the November ballot after backers missed the withdrawal deadline on Thursday. The proposal seeks a one-time 5% tax targeting billionaires and has garnered over 1.55 million signatures. This contentious measure faces significant opposition from wealthy tech figures who argue it could harm California's economy.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 26 Jun 2026, 00:14 UTC · Updated 26 Jun 2026, 00:31 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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