Salesforce founder and co-CEO Marc Benioff is putting his money behind a lobbying push to impose a new tax on big companies that would raise money to help San Francisco's homeless. The software mogul is pledging at least $1.5 million to help pass Proposition C, a ballot measure that would levy an average 0.5 percent tax on every dollar of corporate revenue above $50 million.
Main Idea: Salesforce co-CEO Marc Benioff is backing a new corporate tax to raise money for homelessness services in San Francisco.
Key Points:
Big companies could face higher costs, and some may pass those costs to workers, customers, or small businesses.
If the tax works as planned, San Francisco could fund more housing, shelter beds, and mental health help for homeless people.
Rate how each entity in this article affected the American people.
Salesforce founder and co-CEO whose pledged funding and public support for the tax measure are central to the.
Major corporate actor in the story, separately contributing money to the campaign and tied to Benioff.
City government and tax policy are central to the homelessness funding proposal and ballot measure.
City office cited for projections of revenue from the proposed tax.
City office cited for an estimate of businesses affected by the proposed tax.
Mentioned as a comparison point for a previously scuttled corporate tax proposal.
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