Billionaire Tax Backlash Has Khanna Seeking Compromise (Correct)

Tech industry and labor leaders plan to meet in March as Representative Ro Khanna pushes for a compromise deal over a proposed billionaire tax that has rattled Silicon Valley, a person familiar with the meeting said.

The gathering, expected to take place at Stanford University, marks a notable detente in what has been an escalating fight between the health care workers union behind the proposal and some of California’s wealthiest residents.

At the center of the talks will be which tax proposals could gain support from Silicon Valley billionaires, whose wealth has surged in recent years, while still offsetting ...