21 Hrs
Source:
Los Angeles Times
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Over $200M spent on billionaire tax efforts
California voters are divided over a proposed one-time 5% tax on billionaires’ assets, which aims to generate approximately $100 billion to counter federal healthcare funding cuts. Opponents have raised significantly more funds to oppose the measure, while supporters focus on its potential to fund healthcare and emergency services. Polls show a narrow margin of support and opposition, reflecting ongoing controversy over the ballot initiatives.
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