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This November, California voters will weigh what could become America’s first-ever tax on net worth. The Billionaire Tax Act, a ballot initiative put forth by health workers after...
Taxpayers and tax pros have already dealt with many changes from the One Big Beautiful Bill Act on 2025 returns, but many provisions will be effective for the first time in 2026.
Bernie Sanders' 2026 bill would tax 938 billionaires 5% annually, fund $12,000 payments for families, and raise $4.4 trillion for healthcare The post Bernie Sanders Wants to Tax Bi...
As California Gov. Gavin Newsom eyes a 2028 presidential bid, he's calling for a national tax on billionaires and a public stake in AI, though he opposes a state ballot measure to...
“California’s proposed billionaire tax has officially cleared the signature hurdle to qualify for the November ballot, setting up a high-stakes showdown between the healthcare work...
The proposal, which would impose a one-time 5% tax on a billionaire's net worth, has become one of the most closely watched political fights in California.
America's oligarchs guard their hoards jealously-but there may be a way in.
A California proposal that would implement a one-time tax on the state’s wealthiest residents has qualified to appear on the ballot in November, according to Secretary of State Shi...
By Dylan Morgan California’s billionaire tax proposal has garnered enough signatures to become eligible for the general election ballot on Nov. 3, Secretary of State Shirley N. Web...
Paul Kiernan and Laura J. Nelson, California’s Billionaire Tax Kicks Off a Democratic Civil War (Wall Street Journal, June 25, 2026) California’s proposed billionaire tax will appe...
The proposal tenatively qualified for the November ballot after election officials verified petition signatures gathered by supporters of the billionaire tax.
Sizable savings could be on the way.
Newsom, who is considering a presidential run in 2028, said he stands against the California measure, arguing that taxing billionaires should be done nationally rather than state b...
The group behind a proposed 5% wealth tax in California is pushing for a compromise with Governor Gavin Newsom by pitching a 2% levy instead.
California governor calls for national tax on super-wealthy and suggests the US should own a stake in AI companiesUS politics live – latest updatesCalifornia’s governor, Gavin News...
A proposal to temporarily increase taxes on billionaires in California to counter federal cuts to healthcare for low-income people has sufficient public support to qualify for the...
Democratic California Gov. Gavin Newsom on Friday called for a national tax on the country’s wealthiest Americans, unveiling his plan to address growing wealth inequality a day aft...
The anti-billionaire movement has taken hold in California, where voters provided enough signatures to force a landmark ballot initiative that would levy a one-time, 5% tax on the...
Governor Gavin Newsom is calling for a federal tax on billionaires after failing to stop a California wealth tax from reaching the November ballot.
As the one-year anniversary approaches of President Trump signing the so-called “One Big Beautiful Bill Act” (OBBBA) into law on July 4, the Institute on Taxation and Economic Poli...
"The top 1%, in fact, are in line to get $1 trillion in tax cuts from the law over a decade," Jon Whiten, deputy director of the nonpartisan Institute on Taxation and Economic Poli...
The wealth tax has qualified for the November ballot, but a Gavin Newsom–brokered deal could still kill it.
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