The Unions, the Millionaires Tax, and the Road to Success (tags)
This winter the California Federation of Teachers (CFT) sent tremors of hope through its ranks by announcing it was going to spearhead an attempt to place an initiative on the California ballot — appropriately called the “Millionaires Tax” — that would raise taxes only on millionaires (3 percent on those making more than $1 million; 5 percent on those making more than $2 million).