Billionaires shatter spending record to fight California wealth tax

Inside the Group Fighting California's Billionaire Tax

California's richt residents aren't just watching Proposal 40; they're mounting one of the most lavish political counteroffensive the state has ever seen. At store: a proposed one-time 5% levy on billionaire wealth to fund health care. At the center of the pushback is Building a Better California, a nonprofit and...

Billionaires shatter spending record to fight California wealth tax

It’s a striking and historic show of unity from a notoriously hard-to-organize donor class, a POLITICO analysis shows.

What Are Billionaires So Afraid Of? A 5 Percent Tax, Apparently

California voters are considering a one-time, 5 percent billionaire wealth tax. The billionaires spending big to oppose it have seen their wealth grow 64 percent.

Who are the billionaires behind the $304 million effort to defeat California’s wealth tax?

The fight over Prop. 40 accounts for nearly half of all spending on California ballot measures for the Nov. 3 election. Who are the billionaires behind the $304 million effort to defeat California’s wealth tax? is a story from Stocktonia News, a rigorous and factual newsroom covering Greater Stockton, California. Please consider making a charitable contribution to support our journalism.