A local news story is unfolding in Los Angeles, involving a powerful union. The billionaire tax is also a part of this story. Details about the situation are limited, but it appears that the union and the billionaire tax are connected in some way.

An alleged bargaining chip is also involved, although the nature of this chip is not clear. For more information on this developing story, readers can consult the Los Angeles Times, which has reported on the powerful union, the billionaire tax, and the alleged bargaining chip. Further details are available from this source.