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California’s ‘Billionaire Tax’ Could Reach Far Beyond Billionaires
Aaron WitheLast week, the Service Employees International Union (SEIU) announced it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax on California’s November ballot. The initiative is called the 2026 Billionaire Tax Act. The name is designed to make you stop reading. Don’t. SEIU has spent months positioning itself as…

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