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Tag: tax CA billionaires

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Legislature Set to Adjourn without Voting on Wealth-Tax Proposals

“Mike Herald, director of policy advocacy for the Western Center on Law and Poverty, said the bills would have raised an estimated $23 billion, funds he said are needed to prevent widespread suffering, on top of the chaos already wrought by the pandemic.

“These matters would prevent devastating cuts to things like the K-12 system, to child care, Medi-Cal benefits, in-home supportive services, welfare,” Herald said. “Recessions often cause us to cut when we probably need to be paying out the benefits at the highest level.”

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