Opinion: The ‘billionaire tax’ would hurt those it is supposed to help
“…this proposal is fatally flawed.”
Newsroom
Press coverage, statements, and updates on Prop 40.
Broad, Diverse Coalition of Housing, Labor, and Business Leaders Announce Opposition to Wealth Tax
Leaders Warn Measure Threatens Investment, Housing Production, and Long-Term Fiscal Stability
Why California YIMBY Opposes the Billionaire Wealth Tax
“While we believe taxes are good – they’re the price of living in a society, and we generally need more of them – poorly-designed taxes are bad, and can lead to both economic and political harm.”
Analysis: The California Billionaire Tax Act – Constitutional Limits on Implementation
“[Prop 40] contains multiple constitutional defects built into its design.”
California Teachers Association opposes one-time billionaire tax
“…this policy will not provide the sustainable and long-lasting funding that our schools and communities deserve.”
Coalition Opposing Wealth Tax Launches New Statewide Ad Campaign
‘Common’ Spotlights Growing Wave of Opposition, Devastating Impacts of “Experiment” on Healthcare, Schools, Public Safety and Infrastructure
California Medical Association, California Primary Care Association and California School Boards Association Launch New Committee Opposing Wealth Tax
Wave of Opposition Growing Among Healthcare, Education, Housing, Labor and Public Safety Leaders
Analysis: The California Billionaire Tax Act – Delayed, Contested, and Uncertain Revenue
“…[Prop 40] is not a reliable near-term funding solution and should not be treated as one.”
Unlikely Coalition Begins Campaign Against Billionaire Tax in California
“Health care organizations and education groups that typically support higher taxes are rallying against the initiative…”
Report: Why the Billionaire Wealth Tax Is Not the Right Answer for California’s Fiscal Problems
“…a one-time tax would not solve the state’s structural fiscal problems…”