California voters will get to decide in November whether billionaires should pay a one-time 5% tax, after a deadline passed on Thursday for its backers to withdraw the measure.
“Enthusiasm for the billionaire tax is unlike anything we have seen before,” Debru Carthan, vice-president of the union sponsoring the measure, said during a Thursday-evening press conference. “The billionaire tax will be on the November ballot and we intend to win.”
