Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bn

A popular proposal in California to impose a wealth tax on billionaires has gained enough signatures to qualify for the ballot in November, state officials announced on Wednesday.

The news is set to intensify an already heated debate around the tax, which has pitted tech moguls and the state’s governor, Gavin Newsom, against the labor union backing the measure.

Ava Community Energy’s SmartHome Battery program is offering income-qualified North California residents up to $6,000 in up front incentive cash to install a FranklinWH smart battery and connect it to the utility’s virtual power plant (VPP).

California state regulators say AT&T lied to the Federal Communications Commission in an attempt to shut off its old copper phone network without providing an adequate replacement.

"AT&T asserts that California seeks to prohibit or hinder wireline carriers from discontinuing copper facilities and investing in fiber," said a June 15 filing by the state of California and the California Public Utilities Commission. "Indeed, AT&T has been making this argument for years. It is not and has never been true."

As we reported last month, AT&T sued California over the state’s refusal to let it stop providing phone service to all potential customers in its wireline network territory. AT&T also petitioned the Federal Communications Commission to declare that California cannot enforce its rules and to let AT&T stop providing service to about 199,000 phone customers.

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