After months of campaigning for a first-of-its-kind retroactive wealth tax in California, the union-led effort is now taking its next step.The Service Employees International Union—United Healthcare Workers West (SEIU-UHW) said it has collected more than 1.55 million signatures, according to a press release, nearly double the 875,000-signature requirement — to put a one-time tax on billionaire assets on the California ballot.The California Billionaire Tax Act would target the net worth of roughly 200 residents and would impose a one-time 5% tax on the net worth of California residents with ass...
HALO NEWSLETTER
Join HALO today and unlock this story instantly — It's Free
