California's 'billionaire tax' qualifies for the November ballot
California's 'billionaire tax' qualifies for the November ballot

California's 'billionaire tax' qualifies for the November ballot

A proposal to tax California's richest residents has officially qualified for the November ballot, the California secretary of state confirms. Voters will decide wheter to impose a one-time, 5% tax on Californians with more than $1 billion in assets. 

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