Billionaire Tax Proposal Will Appear on California Ballot

“Proponents of a tax on California billionaires vowed on Thursday to move forward with their November ballot measure despite mounting opposition from many of the state’s most powerful political forces,” the Los Angeles Times reports.

“A labor union spent $31 million gathering signatures to qualify the measure for the ballot in an effort to offset federal healthcare funding cuts that will affect millions of California’s most vulnerable residents.”

Wall Street Journal: California’s proposed billionaire tax will appear before voters in November, teeing up a high-stakes fight among Democrats.