California union proposes taxing billionaires to offset Medicaid cuts

ABC NewsThursday, October 23, 2025 at 9:34:07 PM
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California union proposes taxing billionaires to offset Medicaid cuts
California is considering a bold move to tax billionaires in order to counteract cuts to Medicaid funding. This proposal, which could be put to voters next year, aims to ensure that essential health care services remain accessible despite federal funding reductions. It's a significant step towards addressing health care equity and could set a precedent for other states facing similar challenges.
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