San Francisco voters reject tax hike targeting large companies

Cheryl Casone explains why San Francisco voters rejected Measure D, a ballot initiative that would have raised taxes on large companies with highly paid executives.

San Francisco voters rejected Measure D, a controversial ballot initiative that aimed to increase taxes on large corporations by calculating CEO-to-employee pay ratios. FOX Business host Cheryl Casone reports that the measure, supported by labor unions, faced opposition from Mayor Daniel Lurie and business leaders who warned of significant job losses, ultimately influencing the outcome.