Debating California’s Billionaire Tax Act on CNBC, Hoover Senior Fellow Joshua Rauh argued that the state’s number one problem is spending efficiency rather than a shortage of revenue, and that billionaires do pay taxes. He asked whether Californians want to drive away the next generation of founders.
Read the research on Proposition 40: https://www.hoover.org/research/net-present-value-california-billionaire-tax-act
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