One Ballot Measure Extends California’s Taxing Power. Another Limits It. Stay Tuned. – The American Spectator | USA News and Politics

Californians will face two competing tax measures this November. The first is the Billionaire Tax Act, a onetime, 5 percent levy on the accumulated net worth of the state's richest residents. Lesser known is the Retirement and Personal Savings Protection Act, which would draw constitutional lines around what Sacramento can…

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