Episode Details

California’s billionaire tax proposal is heating up as advocates push for a compromise with Governor Newsom, offering to drop the ballot measure in exchange for a one-time 2% tax on billionaires to cover looming healthcare cuts. But Newsom remains firm, warning the tax would hurt competitiveness and cost more in the long run, rejecting even rate adjustments. With a June 25 deadline looming, the fate of the measure hangs in the balance — and tensions could escalate ahead of the election.

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