this post was submitted on 27 Apr 2026
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California

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The measure calls for placing a one-time 5 percent tax on the assets of California residents with at least $1.1 billion. Opponents are backing competing measures to counter the tax.

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[–] silence7@slrpnk.net 2 points 2 weeks ago

It just happens.

It's intended to provide a temporary funding bridge to compensate for health care cuts under the Trump administration. The hope is that a future Democratic congress and president can put things back.