$229 Million Super PAC Battles California Billionaire Tax Measure

Building a Better California has raised $229 million since February to defeat Proposition 40, a California ballot measure that would impose a one-time 5% tax on billionaires living in the state. Donors include Sergey Brin and former Google CEO Eric Schmidt, the Guardian reported Sept. 24. The money would typically fund ads, signs, canvassing and phone outreach.