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Most voters support California Billionaire Tax Act, new poll finds [USA TODAY]

Alphabet Inc. - Class C Capital Stock (GOOG) 
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US:NASDAQ Investor Relations: abc.xyz/investor
Company Research Source: USA TODAY
Half of California voters would support a proposed billionaire tax initiative if they voted today, according to a new poll. Fifty percent of voters of a one-time, 5% tax on the wealth of the Golden State's billionaires, while 28% say they vote down the measure, according to a UC Berkeley Citrin Center for Public Opinion Research-POLITICO poll, which was conducted with a sample of 1,220 registered voters between Feb. 25 and March 3 and had a mean squared error of +/- 3.0%. About 23% of voters remain undecided, the poll shows. However, despite capturing most of the voters' support, the poll found that some consequences of the proposed billionaire tax measure weighed heavily on voters' minds. What is the ‘2026 Billionaire Tax Act?' ,” or Initiative No. 25-0024, was proposed by Service Employees International Union-United Healthcare Workers West and would impose a one-time 5% tax on billionaires' net wealth, according to a filing for the initiative. Ninety percent of the reve Show less Read more
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