Sneaky billionaire tax clause could eventually target middle class taxpayers, business group warns

Source: New York Post

California’s controversial billionaire tax could eventually hit more than just the people at the top of the financial food chain — eventually hurting the everyday Californian — according to a powerful Sacramento business group. The California Business Roundtable, which represents major employers in California, claimed in a memo obtained by The California Post that the proposed tax — which will go before voters in November after gathering more than 1. 6 million signatures — could be later tweaked to go after non-billionaires.