billionaire tax

Taxes June 26, 2026 

A one-time 5% tax on California billionaires’ assets is headed to the November ballot, pitched as a way to backfill Trump administration healthcare cuts.

Taxes June 18, 2026 

A proposal to tax California billionaires to fund healthcare has tentatively qualified for the November ballot, setting the stage for a more intense and expensive battle over whether the state should squeeze the ultra-rich.

Taxes May 5, 2026 

Fighting against the tax proposal is a who’s-who of billionaires, including Google co-founder Sergey Brin, who has given another $9 million to the group leading the battle, pushing his total spending to $66 million.

Taxes May 1, 2026 

Lawmakers in at least a dozen states have proposed hiking taxes on the wealthy.

Taxes April 27, 2026 

Supporters of a billionaire tax said April 26 that they had gathered nearly twice as many signatures as necessary to qualify the controversial proposal for the November ballot.

Taxes March 26, 2026 

Two new studies come to vastly different conclusions on the proposed 5% one-time tax on California's billionaires.

Taxes March 19, 2026 

A survey conducted by UC Berkeley and co-sponsored by the Los Angeles Times showed 52% of registered voters supported the billionaire's tax, while 33% said they opposed it. Fifteen percent were undecided.

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.