Copy Paste Quotes

California’s proposed billionaire tax: what you need to know

Plan to levy 5% tax on California billionaires championed by progressives – but state’s super rich are forcefully opposed

The proposed billionaire tax in California is officially heading to voters’ ballots in November. After getting more than double the necessary signatures to qualify, the secretary of state certified the ballot measure late on Thursday.

The confirmation came after backroom dealing didn’t pan out between California’s governor, Gavin Newsom, who opposes the proposal, and the labor union backing it.

Continue reading...

Jun 25, 2026 California US news West Coast

Need the full article?

Use the dedicated news page for the summary, then jump straight to the original source when you want the complete story.