California union cuts billionaire tax proposal to 2%, but Newsom rejects compromise
Labor leaders sought a legislative path forward, but opposition from the governor and Silicon Valley donors remained unchanged.
A California labor union behind a proposed tax on billionaires offered to slash the measure from 5% to 2% just one day after it qualified for the November ballot, but Gov. Gavin Newsom swiftly rejected the compromise.
The Service Employees International Union-United Healthcare Workers West (SEIU-UHW) announced Thursday i…
