Politics
Tax the rich? California voters will decide in November; other states could follow
The anti-billionaire movement has taken hold in California, where voters provided enough signatures to force a landmark ballot initiative that would levy a one-time, 5% tax on the state’s richest residents.
‘Moral’ mission: Grover Norquist zings wealthy Democrat Ro Khanna on wealth tax
Americans for Tax Reform President Grover Norquist is calling on Rep. Ro Khanna to practice what he preaches on wealth taxes, sending the California Democrat a letter urging him to voluntarily write a check to the federal government equal to 5% of his reported $232.7 million net worth.
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