Proposition 40: The billionaires’ tax

Stock photo for illustration: Smartphone calculator over tax forms with coins, symbolizing tax calculation and finance.
Stock photo for illustration. Photo: Polina Tankilevitch / Pexels.

By JP Crumrine Proposition 40 is a controversial measure on the November ballot referred to as the “Billionaires’ Tax,” and nearly $350 million has been spent to support and oppose the measure, which has drawn national attention. Independent Sen. Bernie Sanders of Vermont has visited California to campaign for it. The New York Times and…

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