""Most Californians and most billionaires recognize how reasonable and necessary this proposal is - both to keep emergency rooms open and to save California businesses from closing," said Suzanne Jimenez, the chief of staff of the Service Employees International Union-United Healthcare Workers West, the chief proponent of the effort."
""A very small group of the most controversial billionaires on the planet tried to stop this effort, but when our growing coalition files these signatures, David will have won the first round against Goliath.""
"The California Budget & Policy Center estimated that as many as 3.4 million Californians could lose Medi-Cal coverage, rural hospitals could shutter, and other healthcare services would be slashed."
Supporters of a billionaire tax in California have gathered nearly 1.6 million signatures, exceeding the requirement for the November ballot. The proposed 5% tax on assets over $1 billion is expected to raise about $100 billion to fund healthcare programs facing cuts. Opponents warn that the tax could drive wealthy residents away, harming the economy. Advocates argue the tax is essential to mitigate federal funding cuts affecting vulnerable populations, with significant support from healthcare workers and unions.
Read at Los Angeles Times
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