Nope. This link appears to be the Bill text which I’ll peruse in a moment, but here’s the Newsweek article I was reading last night.
https://www.newsweek.com/new-bill-would-give-nearly-every-ca...
And the relevant bit:
“The program would be paid for with a state value-added tax of 10 percent on goods and services, with exemptions for groceries, medicine, medical supplies, clothing, textbooks and other items. Recipients of several programs, including the state's Medicaid plan, would be ineligible.”
Not to wax too political here, but the insane part to me isn’t even the UBI bit which I’m not fond of but open to changing my view in the coming decades, the insane part is the introduction of a new type of tax we previously didn’t have, and near as I can tell isn’t intended to replace the sales tax, and not just a new tax, but at a pretty high rate.
Actually you know what? I just looked at the bill text, it was less than I thought and it was more insane than I thought. Here’s section 2:
“SEC. 2. It is the intent of the Legislature to fund the CalUBI Program with a value-added tax of 10 percent on goods and services, except medicine, medical supplies and equipment, educational materials, including textbooks, tuition or fees for education, food, groceries, and clothing.”
It is the intent of the legislature to fund it with a VAT, and if you know anything at all about California law, then you probably know that means a ballot measure which will need 2/3 support from the electorate. Theoretically that ballot measure could be used to replace the sales tax, but it probably won’t be because only part of the sales tax is State, and much of it is appropriated by law to fund very specific projects or programs.