Why the billionaire tax can win but still fail
Billionaires are spending millions to defeat Proposition 40 while simultaneously backing two competing ballot measures. If a competing measure receives more votes, it could undermine the billionaire tax proposal.
Billionaires really don’t want voters to pass Proposition 40. Not only have they poured more than $187 million so far to try and defeat the measure, they’ve also placed two other measures — Prop. 41 and Prop. 42 — on the November ballot. If either of the two pass with more votes than Prop. 40, […]
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