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 6, 2026
Campaign to Repeal Washington ‘Millionaires Tax’ Submits Over 500,000 Signatures
Opponents of Washington’s new high-earners income tax submitted more than 500,000 signatures for an initiative to kill the tax Thursday, setting up an epic brawl for November over the state's tax system.
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
California Governor Calls for National Tax on Billionaires After Opposing State’s Version
California Gov. Gavin Newsom argued that a federal push to ensure the wealthiest Americans pay their fair share would be more effective than a state effort set to appear on the Nov. 3 ballot.
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 June 15, 2026
Are Wealthy Washington Residents Really Mulling Out-of-State Moves Due to New Tax?
Washington’s controversial new income tax on high earners has spurred warnings from some of a looming wealth exodus.
Taxes May 29, 2026
Tax the Rich, DeSantis Suggests to Florida Counties Worried About His Property Tax Plan
Florida Gov. Ron DeSantis doubled down on his plan to phase out property taxes on homeowners’ primary residences, saying local governments should turn to uber-wealthy landowners to shore up their budgets from the lost revenue.
Taxes May 28, 2026
Governor Promises to ‘Veto Any Attempt’ to Drop Threshold on Washington Millionaires Tax
Gov. Bob Ferguson on Wednesday vowed to never lower the $1 million threshold on Washington’s controversial new income tax on high earners.
Taxes May 27, 2026
Massachusetts Reels in $3.1 Billion From Millionaires’ Tax
Beacon Hill budget writers say revenue from the millionaires’ tax continues to surpass projections, which proponents claim is another sign wealthy households aren’t fleeing for other states to avoid the levy.
Taxes May 21, 2026
Bottom Half of Earners Should Pay Zero in Income Taxes, Bezos Says
Speaking with CNBC’s Andrew Ross Sorkin on “Squawk Box,” Jeff Bezos said the top 1% of taxpayers pay about 40% of all tax revenue while the bottom half pay 3%.