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California's proposed billionaire tax, which aims to impose a 5% tax on the state's billionaires, has qualified for the November ballot after surpassing the necessary signature threshold. The certification was confirmed by the secretary of state, following failed negotiations between Governor Gavin Newsom and labor union representatives.
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California's proposed billionaire tax, which aims to impose a 5% tax on the state's billionaires, has qualified for the November ballot after surpassing the necessary signature threshold. The certification was confirmed by the secretary of state, following failed negotiations between Governor Gavin Newsom and labor union representatives.
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