Failure of Billionaire Tax Strikes Blow to Progressive Agenda
A wealth tax on billionaires seemed like a political layup. The outcome of a California ballot initiative shows otherwise.
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Policy & business
Failure of Billionaire Tax Strikes Blow to Progressive Agenda
A wealth tax on billionaires seemed like a political layup. The outcome of a California ballot initiative shows otherwise.
Tax & cash flow
Tax changes can alter after-tax income, business costs and incentives to invest.
What to watch next
Check whether this is a proposal or an enacted rule, who qualifies and when it starts.
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