Taxes October 16, 2026
Four academics led by Emmanuel Saez designed California’s Proposition 40 billionaire tax, sparking fierce debate over inequality, enforcement and economic impact.
Taxes October 14, 2026
California Gov. Gavin Newsom just got behind a ballot initiative that, if passed, would act as a kill switch for Proposition 40, also known as the billionaire wealth tax.
Taxes October 9, 2026
St. Rose Hospital workers staged a “die-in” at the facility and urged voters to pass the billionaire tax measure, Proposition 40, on the November ballot.
Taxes September 28, 2026
Critics of a proposed wealth tax on California billionaires—many of them business executives who would be subject to the tax—have outspent Proposition 40 backers more than 5-to-1, according to campaign filings.
Taxes September 24, 2026
California billionaires saw their net worth rise roughly 25%, or $432 billion, in less than two years, according to a new analysis by progressive groups backing the Proposition 40 billionaire wealth tax.
Taxes September 23, 2026
The success of Prop. 40 hinges on not just its ability to get majority support—it also must surpass the number of yes votes Propositions 41 and 42 receive if either of those measures also pass.
Taxes September 15, 2026
Dave Regan is accused of trying to "extort” other labor leaders in Service Employees International Union California state council in a bid to win support for the measure.
Taxes September 1, 2026
California's billionaire tax proposal is splintering the state's Democratic Party, with party leaders opposing the wealth tax even as voters, and especially young voters, appear eager to increase taxes on the rich.
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 17, 2026
Cuban lashed out at Silicon Valley Congressman Ro Khanna over the Democratic lawmaker’s proposal that the government should lend money to billionaires with large paper fortunes to help them pay wealth taxes.
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.