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Thomas Steyer confirms plan to raise $22 billion for health care and education
Thomas Steyer has announced a proposal to raise $22 billion for health care and education by increasing taxes on corporations and billionaires.
Steyer stated his intention to prioritize the needs of working people and families ahead of corporate profits. The tax plan would rely on revenue from higher levies on large businesses and high-net-worth individuals to expand funding for core public services. No specific legislative details or implementation timeline have been shared. Steyer has positioned the plan as a sign of his commitment to social investment if elected governor.
Steyer previously detailed his proposal for higher taxes on large U.S. businesses and wealthy individuals in his campaign platform, addressing skepticism from the public in an earlier outline. He also secured support from CASE, which backed his alignment with wage parity and improved labor standards in a recent endorsement. The new funding plan builds on these campaign positions.
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