US Edition
Published • loading... • Updated
Bernie Sanders and Gavin Newsom Become Adversaries over Push to Tax California Billionaires
The one-time 5% tax targets billionaire assets to replace federal health funding cuts, fueling a political split between progressive advocates and Governor Newsom.
- On Wednesday, Bernie Sanders will campaign in Los Angeles for the billionaire tax, saying he strongly supports the measure, amid opposition from Gov. Gavin Newsom.
- A large health care union is trying to qualify a November ballot measure imposing a one-time 5% tax on billionaire assets including stocks, art, businesses, collectibles and intellectual property.
- The proposal has created a rift between Gov. Gavin Newsom and the progressive wing of the Democratic Party, including Sanders, who supports the tax.
- Coinciding with the state Democratic convention this weekend, opponents are ramping up targeted outreach by email and social media, while political committees are raising and spending millions and supporters must gather more than 870,000 petition signatures to qualify.
- As Democrats seek unity before the midterms, analysts warn an exodus of billionaires could cost California hundreds of millions in tax revenue, while the effort to block the measure continues.
Insights by Ground AI
17 Articles
17 Articles
Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires - The Boston Globe
Bernie Sanders is coming to Los Angeles to campaign for a proposed “billionaires tax” that has set off an uproar in the Silicon Valley and led to divisions among Democrats.
·Boston, United States
Read Full Article
Associated Press News+14 Reposted by 14 other sources
Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires
Bernie Sanders is coming to Los Angeles to campaign for a proposed “billionaires tax” that has set off an uproar in the Silicon Valley and led to divisions among Democrats.
·United States
Read Full Article
Coverage Details
Total News Sources17
Leaning Left4Leaning Right0Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 31%
C 69%
Factuality
To view factuality data please Upgrade to Premium
