CALIFORNIA CHAOS: San Francisco Voters Pass ‘Homeless Tax’ on Large Corporations

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Bay Area residents voted in favor of a stiff “homeless tax” on large corporations Tuesday; fining employers upwards of $100 per employee to help the region tackle their escalating housing crisis.

Proposition C will increase gross receipts taxes for companies with more than $50 million in annual revenue by an average of 0.5 percent, generating up to $300 million a year to combat the city’s homelessness crisis through initiatives like new beds in shelters and increased mental health services,” writes CNBC.

“Prop C’s victory means the homeless will have a home & the help they truly need! Let the city come together in Love for those who need it most! There is no finish line when it come to helping the homeless. Thank you amazing supporters of Prop C!” wrote tech giant Marc Benioff.