skip to main content
skip to newscasts

Thursday, March 28, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Pulling back the curtains on wage-theft enforcement in MN; Trump's latest attack is on RFK, Jr; NM LGBTQ+ equality group endorses 2024 'Rock Star' candidates; Michigan's youth justice reforms: Expanded diversion, no fees.

view newscast page
play newscast audioPlay

Transportation Secretary Pete Buttigieg says rebuilding Baltimore's Key Bridge will be challenging and expensive. An Alabama Democrat flips a state legislature seat and former Connecticut senator Joe Lieberman dies at 82.

view newscast page
play newscast audioPlay

Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

CA Groups Press for Tax on Extreme Wealth

play audio
Play

Tuesday, March 16, 2021   

SACRAMENTO, Calif. -- Some Democratic lawmakers are pushing for a new state tax on the uber-wealthy, in order to reduce inequality and better fund public services.

Supporters want to place a measure on the ballot that would levy a 1% tax on households whose net worth exceeds $50 million, and a 1.5% tax on wealth of more than $1 billion.

Asm. Lorena Gonzalez, D-South San Diego, said the money would help create a more just society.

"We create more billionaires than anywhere in the world, and yet we still have people living on the streets," Gonzalez observed. "We still have schools that are underfunded. We still have people that don't have access to health care. All those things cost."

Opponents cite the state's current budget surplus and say higher taxes would drive ultra-wealthy entrepreneurs to move out of state.

The tax would generate an extra $22.3 billion a year.

Jeff Freitas, president of the California Federation of Teachers, noted that during the pandemic, 7.8 million Californians filed for unemployment but billionaires in the Golden State increased their wealth by more than $250 billion.

"This raises unprecedented revenue that can finally lower our student-teacher ratio, rebuild our infrastructure, create more green jobs, fend off wildfires, build housing for the homeless and much more," Freitas contended.

Gov. Gavin Newsom has said he does not support a proposal to raise taxes at this time.

Once the package of bills is filed, it would take a vote of two-thirds of the Legislature to put the wealth tax on the ballot. Then the measure would need a simple majority from voters to pass.

Disclosure: California Federation of Teachers contributes to our fund for reporting on Civic Engagement, Early Childhood Education, Education, and Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
A report from the Tennessee HealthCare Campaign recommended the federal government needs to strengthen 340B drug pricing and other federal negotiation mechanisms to make needed medicines more readily available and less expensive for hospitals to purchase and administer. (Spotmatikphoto/AdobeStock)

Health and Wellness

play sound

A recent report examined how some rural Tennessee hospitals have managed to stay afloat despite financial challenges. The report includes interviews …


Social Issues

play sound

Michigan recently implemented a significant juvenile justice reform package following recommendations from a task force made up of prosecutors…

Health and Wellness

play sound

Medicare and Medicaid are key sources of health coverage for many Americans and some people qualify for assistance under both programs. With lagging …


Organizations fighting wage theft said it harms affected workers and surrounding communities because the money withheld is not being circulated through the local economy. (Adobe Stock)

Social Issues

play sound

A mix of policy updates and staffing boosts has helped to put wage theft enforcement on the radar in Minnesota, and officials leading the efforts are …

Social Issues

play sound

New research shows more than six in 10 abortions in the U.S. last year were medically induced, and U.S. Sen. Catherine Cortez Masto - D-NV - is …

Social Issues

play sound

Missouri lawmakers are concerned with protecting people from the potential risks of the increasing accessibility of AI-generated images and videos…

Environment

play sound

A farm group is helping Iowa agriculture producers find ways to reduce the amount of nitrogen they use on their crops. Excess nitrates can wind up …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021