Proposition D in San Francisco, which would tax companies with highly paid CEOs, is a key progressive push in the current election cycle. - The measure has 60% support in a poll from four months ago, but the race has tightened.
- Moderates fear a political backlash as progressives seek to swing the pendulum leftward. - Supporters argue that federal tax breaks for wealthy CEOs and cuts to cities strengthen the case for higher taxes.
- The outcome could serve as a bellwether for a statewide tax fight in November, with voter sentiment potentially outweighing campaign spending.