Taxes August 27, 2026
Two prominent California civil rights groups and the San Francisco Democratic Party have come out against Proposition 40, a proposed one-time, 5% tax on billionaires meant to fund healthcare services.
State CPA Societies August 26, 2026
The association representing California's CPA profession said Tuesday that it opposes a November ballot measure that would impose a one-time tax on billionaires to help fund healthcare programs in the state.
Taxes August 14, 2026
California voters are sharply divided over a ballot measure to impose a one-time tax on billionaires to help fund healthcare programs, according to a poll released Friday.
Taxes August 14, 2026
Google co-founder Sergey Brin has poured $102 million this year into Building a Better California, a group that's funding two ballot measures that could block a billionaire tax.
Taxes August 3, 2026
The controversial billionaire tax won the backing of the California Democratic Party on Sunday, the latest twist in the drama surrounding a measure that has roiled the left and its allies.
Taxes July 30, 2026
SEIU California, which is taking a neutral stance on the tax, is a parent organization of SEIU-United Healthcare Workers West, the union that crafted the measure and moved to put it on the November ballot.
Taxes July 30, 2026
Their candidates produced mixed results in June, but November’s billionaire tax fight could reveal how much influence their money can buy.
Taxes July 8, 2026
The November ballot item has triggered a rift among progressive labor unions and Democrats, groups critical to the measure's success.
Taxes June 29, 2026
Rep. Ro Khanna slammed Newsom's national tax proposal, accusing him of being a “cheerleader for the billionaire class” by refusing to back a proposed wealth tax on California’s billionaires.
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.