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If approved by voters, the wealth tax will face a flurry of serious legal challenges—some to its overall constitutionality, and some regarding who can be taxed and to what degree i...
Silicon Valley’s growth over recent decades has made California rich — and one of the most unequal places in America.
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...
With the top 1% holding nearly one-third of household wealth in the U.S., efforts to impose new levies on the wealthy have been gaining traction. In California, voters will decide...
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...
Voters in California this fall will have to determine whether the state will institute a billionaire tax. Advocates of this proposal have been pushing for these kinds of money grab...
Alicia Clanton & Biz Carson (Bloomberg Law): Newsom Floats Federal Wealth Tax After California Deal Fails Governor Gavin Newsom is calling for a federal tax on billionaires aft...
“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...
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 group behind a proposed 5% wealth tax in California is pushing for a compromise with Governor Gavin Newsom by pitching a 2% levy instead.
SACRAMENTO, Calif. >> Californians will vote in November on a groundbreaking plan to impose a one-time tax on the wealth of billionaires, with most of the money going to heal...
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.
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...
Wealth tax criticized by billionaires and Gavin Newsom would levy a one-time 5% tax on residents worth over $1bnA popular proposal in California to impose a wealth tax on billionai...
In Tax Notes, Jim Clouse, Fabio Natalucci, Charles W. Calomiris, Kenneth Rosen, David Bank, and Maxwell Hall, have written a new piece, “California’s Billionaire Tax Act Threatens...
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...
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...
One upcoming ballot measure would expand the state's taxing power. A lesser-known measure would limit it. Which will win?
Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposedFull story: California billionaire tax heads to ballotThe p...
Wall Street Journal: “The architects of California’s proposed billionaire tax said Thursday that they are open to withdrawing the ballot measure if Gov. Gavin Newsom supports a sma...
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...
Governor Gavin Newsom is calling for a federal tax on billionaires after failing to stop a California wealth tax from reaching the November ballot.
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