News Summary

• California state Sen.
• Scott Wiener is opposing a statewide tax on California billionaires and a local San Francisco tax on the city's wealthiest businesses and corporations.
• Wiener’s opposition might seem uncharacteristic for someone running a progressive campaign, but it's consistent with the priorities of two top donors to a super PAC backing his candidacy.
• Crypto mogul Chris Larsen and venture capitalist Garry Tan have been outspoken advocates of stopping the taxes.
• Both will likely be on the ballot in November, as Wiener also hopes to be.