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California labor union offers to scale back billionaire tax proposal after pushback

Name: California labor union offers to scale back billionaire tax proposal after pushback
Uploaded: 2026-06-19T14:32:54+00:00
Description: California's labor union is revising its billionaire tax proposal after significant pushback. Initially set at 5%, the tax is now reduced to 2%, aiming to generate $100 billion for healthcare. However, concerns about potential negative impa...

California's labor union is revising its billionaire tax proposal after significant pushback. Initially set at 5%, the tax is now reduced to 2%, aiming to generate $100 billion for healthcare. However, concerns about potential negative impa...

AP News· Jun 19, 2026 · 2:32 PM · 2 views

Originally reported by AP News. Read the full story →

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California labor union offers to scale back billionaire tax proposal after pushback

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