Politics ❯ Public Policy ❯ Taxation

Wealth Tax

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California Ballot Will Decide One-Time 5% Tax on Billionaires

Supporters say the levy would raise roughly $100 billion to shore up state health-care funding shortfalls.

California Billionaire Tax Proposal Shows Early Edge, Faces Wealthy Opposition

Newsom Escalates Opposition to California Billionaire Tax as Tech Donors Mobilize

Newsom Escalates Fight Against California’s Proposed Billionaire Wealth Tax

California Unions File 2026 Ballot Initiative for One-Time 5% Billionaire Wealth Tax