1 Day
Source:
New York Post
California's largest tax increase deemed illegal
A lawsuit claims California’s new healthcare tax, approved in June and projected to increase family premiums by hundreds of dollars annually, is illegal as it violates Prop. 35, a 2024 voter-approved initiative. The tax was part of the state’s budget measures to address revenue shortfalls from federal funding cuts, but healthcare and insurance organizations argue the state must adhere to legal requirements. The lawsuit seeks to invalidate the tax and enforce compliance with Prop. 35.
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