Your tax on the rich totally failed, fam
Okay so, big news out of City Hall, especially if you were rooting for that "Overpaid CEO" tax measure. That thing officially failed, and it's gotta be a gut punch for the city unions who really pushed for it. The results came in early this morning, Tuesday, June 9, 2026, at 3:25:54 AM, and yeah, it just didn't get the traction proponents wanted. They were hoping to grab some cash from companies where the top execs made way more than their average worker, you know, to fund things like affordable housing or street cleaning.
It’s another one of those moments where the City tries to redistribute wealth, and it just doesn’t stick. This comes right after Supervisors Lurie and Mahmood hit the brakes on that controversial real-estate tax cut, which was supposed to happen Monday, June 8, 2026. So, on one hand, no tax cut for real estate, but on the other, no new tax on big CEO pay. It feels like we're in a holding pattern.
Here's the rundown: * The "Overpaid CEO" tax measure failed. * This is a significant loss for city unions who championed the initiative. * Supervisors Lurie and Mahmood stalled a real-estate tax cut.
What does this mean for us? Well, the battle over who pays for what in this city isn't going anywhere. Expect more debates about corporate responsibility and how we fund essential services without alienating the businesses that are still here. That's the City, fam — fog, hills, and all.
Vivian Leung, MiTL Sports Desk, San Francisco.
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