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San Francisco voters reject ‘Overpaid CEO’ tax

San Francisco voters have rejected a union-backed ballot measure that sought to raise taxes on large corporations with highly paid executives, dealing a significant setback to organized labor’s efforts to address the city’s budget challenges. Proposition D, known as the Overpaid CEO Act, was defeated by 53.6% of voters, according to the latest election results.
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Gettysburg Connection broke the news in Gettysburg, United States on Thursday, June 11, 2026.
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