Voters in San Francisco, California, leaned away from a ballot measure to hike taxes on some big companies.
The latest data on the San Francisco Department of Elections website showed Measure D was sinking, Fox Business reported Tuesday. The results showed 53.64 percent had voted no while 46.36 percent voted yes.
The measure’s text read:
Shall the City permanently change the top executive pay tax it collects from some large businesses when their highest-paid managerial employee earns more than 100 times the median compensation paid to their San Francisco employees, by changing the tax to be calculated using the compensation of all employees…
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