Taxes May 1, 2026
Millionaire Taxes Gain Steam as States Face Budget Crunches
Lawmakers in at least a dozen states have proposed hiking taxes on the wealthy.
Taxes April 27, 2026
California Billionaire Tax Backers Say They Have Enough Signatures—Times Two—to Qualify for Ballot
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
Will California’s Billionaire Tax Pay Off? New Studies Sharply Disagree
Two new studies come to vastly different conclusions on the proposed 5% one-time tax on California's billionaires.
Taxes March 19, 2026
California’s Proposed Billionaire Tax Gains Majority Support in New Poll
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
Poison-Pill Effort to Cancel Proposed California Billionaire Tax Hits Voters’ Mailboxes
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
Sanders Kicks Off California Billionaires Tax Campaign with Choice Words for the ‘Oligarchs’
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
GOP Lawmaker Proposes Measure to Block Key Element of Proposed California Wealth Tax
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
Sen. Bernie Sanders to Kick Off California Billionaire Tax Campaign
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
Newsom Describes Calls with Anguished Rich as He Continues Opposing California Billionaire Tax
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
Is California’s Proposed Billionaire Tax Smart Policy? History Holds Lessons
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
California Billionaire Tax Proposal Roils Bay Area Havens, Divides Politicians
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 Crypto Startup Moves to South Dakota as Debate Over Proposed Wealth Tax Heats Up
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.