California unions, hospitals strike deal — but billionaire tax heads to ballot

IN SUMMARY Hospitals and a healthcare union have agreed to pull rival initiatives from the ballot, but a proposed one-time 5% tax on billionaires remains headed to November voters. The union behind the deal has sponsored 48 ballot initiatives since 2012 — and most have failed. So why does it keep trying?

California hospitals and the state’s largest health workers union reached an agreement Thursday to pull two competing initiatives from the November ballot hours before a state deadline. But a separate measure to impose a one-time tax on billionaires remains headed toward voters, potentially

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