Proposed Corporate Tax Hike Would Help Homeless


A California coalition is proposing legislation that would increase taxes on wealthy multinational corporations to raise billions a year to house the state's homeless population.

The corporate tax hike would raise more than $2 billion each year to get people off the streets. Supporters say it would reinvent California's approach to solving the state's homeless crisis, while opponents argue the bill would contribute to the perception that California is hostile to business.