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.
Payroll Taxes September 7, 2026
Some Republicans, like Rep. Lloyd Smucker of Pennsylvania, are slowly warming to the idea of raising payroll taxes on upper-income households to shore up Social Security.
Taxes September 2, 2026
Initiative 195 would create a graduated income tax for the state under which higher earners pay a greater percentage of their income than lower earners, generating significantly more tax revenue.
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.