Summary
They're asking Gov. Gavin Newsom to support a one-time 2% tax on the state’s wealthiest residents, less than half of the 5% tax that qualified for the ballot.
Key Takeaways— 2 points
1In bid to make a deal, billionaire tax backers offer to slash tax in exchange for Newsom’s support - San Francisco Chronicle.
2Gavin Newsom to support a one-time 2% tax on the state’s wealthiest residents, less than half of the 5% tax that qualified for the ballot..
Image source: San Francisco Chronicle
Source
San Francisco Chronicle
Category
general
Published
19 June 2026 at 04:31
Why This Matters
This story was curated by DOCFLiX.site from San Francisco Chronicle as part of our daily briefing service. We select and present the most significant developments across Business, Technology, and Crime Scene to keep our readers informed with source-verified, primary-cited news coverage. The summary above is derived from the original reporting by San Francisco Chronicle.