Taxes July 8, 2026
Instead of Uniting the Left, California’s Billionaire Tax Measure Has Split Democratic Allies
The November ballot item has triggered a rift among progressive labor unions and Democrats, groups critical to the measure's success.
Taxes July 2, 2026
After Newsom Couldn’t Stop It, California Braces for Billionaire Tax Brawl
A week after Gov. Gavin Newsom failed to broker a deal to stop a proposed billionaire tax, both sides of the fight are trading blame and bracing for a high-stakes, nationally watched political brawl.
Taxes June 29, 2026
Khanna Lays Into Gavin Newsom’s Tax Proposal, Setting Up 2028 Battle Lines
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
Controversial Billionaire Tax Will Appear on November Ballot in California
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
Controversial California Billionaire Tax Proposal Declared Eligible for the November Ballot
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
Billionaires Pour Millions Into Ballot Fight Over California Wealth Tax
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 4, 2026
Senate Democrat Targets Tax-Dodging Trusts Worth Over $50 Million with New Bill
New legislation from Sen. Patty Murray (D-WA) targets a legal loophole that lets the wealthiest Americans avoid paying taxes on money they pass down to their heirs.
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 12, 2026
After Washington ‘Millionaires Tax’ Vote, Former Starbucks CEO Announced He’s Moved From Seattle to Miami
Billionaire Howard Schultz alluded to the business environment in Washington state, where a measure that’s been dubbed a “millionaires tax” came closer to final legislative approval this week.
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.