The tax, proposed by the Service Employees International Union-United Healthcare Workers West, would impose a one-time, 5% levy on the net worth of California residents with more than $1 billion in assets.
It’s meant to provide a temporary replacement for federal spending cuts on the theory that Democrats will win power and be able to restore sensible government at the federal level
It’s meant to provide a temporary replacement for federal spending cuts on the theory that Democrats will win power and be able to restore sensible government at the federal level
Man, that is a big if, but makes sense.