Aggressive new California tax hike proposal could accelerate exodus from state

Published January 13, 2022 11:30am ET



A new healthcare proposal that would nearly double California’s tax revenue has the potential to push more people out of the state.

The ambitious legislative proposal would create a single-payer healthcare system and use the increased taxes to fund it. While the legislation faces an uphill battle, Gov. Gavin Newsom has publicly voiced support for single-payer systems in the past. He has yet to weigh in on the new legislation.

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