California’s Billionaire Tax Battle

California’s November ballot is a high-stakes political chess match, packed with 14 major propositions tackling taxes, housing, healthcare, and more. Behind-the-scenes deals have already pulled some big measures, including those from Uber and trial lawyers. The billionaire tax — a one-time 5% levy on 200 ultra-wealthy residents to fund healthcare and education — is front and center, facing fierce opposition from Governor Newsom and billionaires. Voters could also decide on countermeasures that would block or audit its spending, creating a winner-takes-all showdown. Other key measures include making a high-income tax permanent to fund schools, a $11 billion housing bond, and a massive mortgage program for first-time buyers. Plus, voters will weigh in on environmental reviews, voter ID, campaign finance, and even a bond for immunology research — all while secret negotiations add to the confusion. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c2400d01511bd58f