San Diego Democratic Party Chair Will Rodriguez-Kennedy, making the closing argument for endorsing California's Proposition 40, a one-time, 5 percent tax on billionaire wealth. The endorsement passed by 61 percent of delegates at a California Democratic Party executive board meeting. The endorsement came over the objections of Gov. Gavin Newsom, the California Teachers Association and several labor unions, who warned the measure risks dividing the party ahead of midterm elections and could cost the state hundreds of millions in income taxes as billionaires relocate. (Sacramento Bee)
San Diego Democratic Party Chair Will Rodriguez-Kennedy, making the closing argument for endorsing California's Proposition 40, a one-time, 5 percent tax on billionaire wealth. The endorsement passed by 61 percent of delegates at a California Democratic Party executive board meeting. The endorsement came over the objections of Gov. Gavin Newsom, the California Teachers Association and several labor unions, who warned the measure risks dividing the party ahead of midterm elections and could cost the state hundreds of millions in income taxes as billionaires relocate. (Sacramento Bee)