Key facts
- A 5% wealth tax on individuals worth over $1 billion has qualified for California's November ballot.
- The wealth tax measure aims to fund healthcare and education.
- The wealth tax measure is backed by labor unions.
- The wealth tax measure is opposed by some tech moguls and Governor Gavin Newsom.
- Two competing ballot measures concerning Uber's legal liability have qualified for the California ballot.
- One Uber measure, backed by Uber, aims to cap attorney fees and limit damages.
- Another Uber measure, supported by trial lawyers, seeks to hold Uber accountable for issues including sexual assault claims.
- California regulators are defending rules requiring AT&T to offer home phone service.
- Regulators argue AT&T misled the FCC to discontinue its copper phone network.
- California regulators argue wireless service is an inadequate replacement for AT&T's copper network.
- The state opposes AT&T's petitions to preempt state rules and cease service to 199,000 customers.
California voters will consider a one-time 5% wealth tax on individuals with a net worth exceeding $1 billion. This measure, which has qualified for the November ballot, is supported by labor unions and intends to generate revenue for healthcare and education programs. However, it faces opposition from some tech moguls and Governor Gavin Newsom.
Two distinct ballot measures concerning Uber's legal liability have also secured a spot on the California ballot. One measure, championed by Uber, proposes to cap attorney fees and limit the scope of damages. In contrast, a competing measure, endorsed by trial lawyers, aims to hold Uber accountable for a range of issues, including claims of sexual assault.
In a separate regulatory matter, California officials are actively defending existing rules that mandate AT&T to continue offering home phone service. State regulators contend that AT&T has misled the Federal Communications Commission (FCC) regarding the discontinuation of its copper phone network. They argue that AT&T's proposed wireless service is an insufficient substitute for the traditional copper network. The state is urging the FCC to reject AT&T's petitions, which seek to override state regulations and allow the company to cease service to approximately 199,000 customers.