Economy
California Considers Billionaire Tax to Offset Federal Food Benefit Cuts
Facing federal SNAP cuts that could strip 665,000 Californians of food aid, the state proposes a 5% one-time wealth tax on its billionaires to raise $100 billion. The measure, backed by over 1.5 million signatures, is expected on the November ballot, but faces fierce opposition from tech moguls like Sergey Brin.