San Francisco's Proposition D, the so-called "Overpaid CEO Tax," is on the June 2, 2026 ballot and critics say it's a massive bait-and-switch: the measure exempts tech giants like Google while hitting grocery stores and pharmacies with an 800% gross receipts tax hike that economists say will be passed directly to consumers. The tax doesn't touch CEO paychecks at all — it's levied on company revenues, with the CEO-to-worker pay ratio only determining the rate bracket. With SF's downtown still reeling from business flight and one-third of office space sitting empty, the stakes for getting this wrong are high.
Prop D's 800% rate hike exempts every major tech company while hitting grocery stores, pharmacies, and coffee shops hard.
June 2 is coming up. We're here to empower informed choices.
It doesn't tax CEOs. It's an 800% gross receipts hike that hits Safeway shoppers while executives pay nothing.
Unions want an 800% tax increase disguised as class warfare—and they're breaking a deal they made just last year.