Why 🐙 CaliforniaFiscalPolicy picked: New Analysis: Proposition 40 Could Raise Billions, but Poses Serious Tradeoffs

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Source: calbudgetcenter.org

<p>SACRAMENTO, CA — A new publication from the California Budget & Policy Center (Budget Center) examines Proposition 40, the Billionaire Tax Act, and what it could mean for California’s budget, public services, and long-term fiscal outlook. The analysis finds Prop. 40 — a first-in-the-nation 5% tax on the wealth of California’s roughly 250 billionaires, who … <a href="https://calbudgetcenter.org/news/new-analysis-proposition-40-could-raise-billions-but-poses-serious-tradeoffs/" rel="nofollow noopener noreferrer ugc" target="_blank">Continued</a></p> <p>The post <a href="https://calbudgetcenter.org/news/new-analysis-proposition-40-could-raise-billions-but-poses-serious-tradeoffs/" rel="nofollow noopener noreferrer ugc" target="_blank">New Analysis: Proposition 40 Could Raise Billions, but Poses Serious Tradeoffs</a> appeared first on <a href="https://calbudgetcenter.org" rel="nofollow noopener noreferrer ugc" target="_blank">California Budget & Policy Center</a>.</p>

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