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“As members of the California Legislature, we have a responsibility to protect the state’s fiscal health and stability… That is why we oppose Prop 40.”

“You can bet if I’m investing in a multi-billion dollar startup, I’m asking them to move from California first.”

“By signaling that wealth taxes are part of the state’s revenue toolkit, [Prop 40] would force the next round of entrepreneurs to think long and hard about starting businesses in the Golden State.”

Groups representing home and family child care providers, laborers, school administrators, operating engineers and police chiefs announced their opposition.

“A wealth tax would threaten the success of the nonprofit sector in California, potentially spilling over into other parts of the state’s economy.”

With numbers now assigned, the campaign against the reckless wealth tax experiment released a list of 40 reasons to vote NO on Prop 40.

“When you gamble with the finances of our state and local governments, you gamble with public safety.”

“[Prop 40] has triggered anger and opposition among typically Democratic-aligned groups…”

“Healthcare is complicated, and it requires stable and long-term funding for healthcare providers to be able to make the decisions they need to provide access to care.”

“A quick look at the math underpinning the proposal… shows that the first net wealth tax in modern U.S. history would provide the state little and endanger its economic core.”