Taxes March 11, 2026
California voters are being urged to put a poison-pill effort on the November ballot that would nullify a controversial proposed tax on the state's billionaires.
Taxes February 19, 2026
Sen. Bernie Sanders on Wednesday formally kicked off the campaign to place a billionaires tax on the November ballot, framing the proposal as something larger than a debate about economic and tax policy.
Taxes February 18, 2026
Rep. Kevin Kiley says he will introduce the "Keep Jobs in California Act of 2026" on Friday. The measure would prohibit any state from levying taxes retroactively on individuals who no longer live there.
Taxes February 10, 2026
The independent senator from Vermont, who caucuses with Democrats in the nation's Capitol, will appear Feb. 18 to formally kick off the campaign to place a new tax on billionaires on California's November ballot.
Taxes January 30, 2026
At a Bloomberg forum event in San Francisco, California Gov. Gavin Newsom said the proposed billionaire tax would ultimately degrade the state’s tax base as the ultrawealthy left the state.
Taxes January 26, 2026
In the roiling debate over California's proposed billionaire tax, supporters and critics agree that such policies haven't always worked in the past. But the lessons they've drawn from that history are wildly different.
Taxes January 22, 2026
The proposal is roiling some of the Bay Area’s havens for the ultra-wealthy and setting off a vitriolic political fight over how far the state should go to fund its health care system—and whether the super-rich will tolerate it.
Taxes January 21, 2026
California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires.
Taxes January 21, 2026
According to the poll, which was paid for by wealthy residents of both Northern and Southern California, just 48% of the 800 likely voters surveyed would vote yes on the tax if the election were held now.
Taxes January 20, 2026
The battle over a new tax on California's billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its ordinary residents.
Taxes January 5, 2026
The controversial proposed ballot measure is already creating fractures among powerful Democrats who enjoy tremendous sway in California.
Taxes December 30, 2025
If passed by California voters in November 2026, the measure would impose a one-time tax of 5% on individuals with assets worth $1 billion or more.