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 12, 2026
Supporters of Washington’s “millionaires tax” insist it's not a Trojan horse for a broader state income tax, but some prominent Democrats have gone off script.
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 October 9, 2026
Despite some heated exchanges and dire forecasts of budget holes and secret tax plans, neither side in the fight over Washington’s new "millionaires tax" landed a knockout blow Thursday night in a debate on a voter initiative to repeal the tax.
Taxes October 5, 2026
At least nine states are putting tax policy directly in voters’ hands.
Taxes September 30, 2026
An initiative seeking to repeal the new income tax on $1 million-plus earners trails badly in a new poll when voters are shown legally required ballot language summarizing its potential impacts on the state budget.
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 15, 2026
Washington state’s refusal to levy personal income has made its tax code an outlier for more than 90 years.
Taxes September 9, 2026
Come November, Cook County voters will take the first step in deciding whether a 3% tax should get tacked on to million-dollar incomes, but the question should particularly resonate in some North Shore towns due to their wealth.