California debates billionaire tax impact


California debates billionaire tax impact

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California debates billionaire tax impact

A union wanted a new tax on very rich people in California. They later changed this plan to a smaller tax amount.

California's Governor Newsom did not like the tax idea. He said this tax could harm schools and public safety.

The tax aimed to get money for healthcare and education programs. But some said it could make rich people leave the state.

Many groups and rich tech leaders did not like this tax. Voters also rejected a similar tax plan a few years ago.

State lawmakers are looking for other ways to get money. They are not using the billionaire tax for the state budget.


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What did the union want to do?

The union wanted a new tax on very rich people in California.

Why did Governor Newsom not like the tax idea?

He said this tax could harm schools and public safety.

What are state lawmakers looking for?

State lawmakers are looking for other ways to get money.


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California debates billionaire tax impact