Taxes January 30, 2026
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 28, 2026
New York City Mayor Zohran Mamdani lambasted former Mayor Eric Adams for a “fiscal crisis” on Wednesday, laying the blame on Adams for a budget gap that could exceed $12 billion.
Taxes January 26, 2026
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
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
Facing a potential $12 billion budget gap, New York City Mayor Zohran Mamdani indicated Jan. 21 he may push Gov. Kathy Hochul in budget negotiations to include tax hikes on millionaires and corporations.
Taxes January 21, 2026
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.
Taxes January 21, 2026
According to the poll, which was paid for by wealthy residents of both Northern and Southern California, just 48% of the 800 likely voters surveyed would vote yes on the tax if the election were held now.
Taxes January 20, 2026
The battle over a new tax on California's billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its ordinary residents.
Taxes January 14, 2026
Sixty-one percent of Washingtonians back the idea of a 9.9% tax on incomes greater than $1 million, versus just 29% opposed, according to a poll from Northwest-based DHM Research.
Taxes December 26, 2025
Gov. Bob Ferguson said Dec. 23 the proposal would be tied to reducing sales taxes on baby and hygiene items, expanding the working families tax credit, increasing K-12 school funding, and lowering the key tax rate for small businesses.
Taxes December 17, 2025
An obstacle to New York City Mayor-elect Zohran Mamdani’s plan to expand free child care is its reliance on lawmakers in Albany and tax revenue from wealthy New Yorkers, though a new survey indicated broad support for that approach.
Taxes October 28, 2025
Katie Wilson, a community organizer, is challenging Seattle Mayor Bruce Harrell in a close mayoral election, proposing to raise taxes on companies and wealthy residents.