14:04 [ Detroit News ]

California billionaire tax headed for ballot despite top Democrats’ opposition

The push to put a billionaire tax to a popular vote in blue California has exposed deep divides on the left, even as Democratic politicians across the country rally around calls for the wealthy to pay more. The issue is pitting the populist mood of the public against many Democrats’ fears that the measure will push the ultrawealthy to join a broader exodus from the state and take their tax dollars with them.