skip to main content
skip to newscasts

Tuesday, February 27, 2024

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

ND makes the grade in a national report evaluating public school support; SCOTUS justices express free speech concerns about GOP-backed social media laws; NH "kids on campus" program boosts retention; proposed law bans hemp sales to Hoosiers younger than 21.

view newscast page
play newscast audioPlay

The Supreme Court hears arguments on whether social media can restrict content. Biden advisors point to anti-democracy speeches at CPAC, and the President heads to the US-Mexico border appealing to voters on immigration and border issues.

view newscast page
play newscast audioPlay

David meets Goliath in Idaho pesticide conflict, to win over Gen Z voters, candidates are encouraged to support renewable energy and rural America needs help from Congress to continue affordable internet programs.

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
Oregon lawmakers have two weeks left in the session to approve funding for the Summer EBT program that helps feed children when school's out. (Lindsay Trapnell/Oregon Food Bank)

Social Issues

play sound

A program that would provide food benefits to kids during the summer still needs funding approval from the Oregon Legislature. The state has …


Social Issues

play sound

Minnesota lawmakers face growing calls this session to boost access to affordable housing and there is a proposal to lend a voice to existing renters …

Health and Wellness

play sound

Legislation in Massachusetts would ban some of the tactics used by "crisis pregnancy centers" to prevent people from having abortions. Many of the …


A groundbreaking study calls for philanthropic foundations to acknowledge past harms and support reparations for Black Americans. (NCRP)

Social Issues

play sound

A new report said philanthropic organizations need to reexamine the source of their wealth, which it asserted often came from systemic racism and …

play sound

Americans' confidence in higher education has plummeted but students and staff at Maine's Colby College hope continued community outreach will help br…

The nonnative quagga mussel has been found in the Snake River. (Cavan/Adobe Stock)

Environment

play sound

It is National Invasive Species Awareness Week, and plants and critters not native to the Northwest are wreaking havoc on some landscapes, including …

Health and Wellness

play sound

A new program in a Washington public library system is helping people monitor their blood pressure at home. The American Heart Association has …

Environment

play sound

By Kayla Benjamin for The Washington Informer.Broadcast version by Brett Peveto for Maryland News Connection reporting for the Solutions Journalism Ne…

 

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