
California Billionaire Tax Traps Newsom in Ballot Fight
California's 5% billionaire tax is going to voters, turning a healthcare funding pitch into a power fight Newsom wants stopped.
Jun 27, 20266 min read0 reactions0 comments
Tag archive

California's 5% billionaire tax is going to voters, turning a healthcare funding pitch into a power fight Newsom wants stopped.

California voters will decide a one-time 5% billionaire wealth tax after talks failed to keep it off November’s ballot.

California voters will decide whether to tax billionaire net worth directly, a fight that could rattle Silicon Valley wealth.

Newsom says Trump’s DOJ is targeting him and his wife to blunt a 2028 run. The explosive charge still lacks public proof.

Newsom’s ultimatum signals a state takeover threat to break local gridlock and tackle California’s massive housing shortage and soaring rents.