SF Prop M (2024)

San Francisco's business tax overhaul, passed as Prop M in November 2024, is now at the center of a fresh fight: a proposed "CEO Tax" that critics say is actually an up-to-800% gross receipts tax hike in disguise that could drive companies out of the city. The stakes are unusually high given that SF is the only major U.S. tech hub with *growing* startup formation since 2022, capturing 40% of early-stage venture capital while rivals like Austin and NYC have cratered.