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Tag: wealth tax

California billionaire wealth tax Newsom

California Dems Buck Newsom With Vote To Endorse Billionaire Wealth Tax

November 10, 2026November 10, 2026 - by sophatthai - Leave a Comment

California Democrats exposed internal divisions this weekend when their party’s resolutions committee voted to recommend endorsing a one-time 5% tax on the state’s roughly 200 billionaires, directly opposing both Gov. Newsom and gubernatorial nominee Xavier Becerra.

California Dems Buck Newsom With Vote To Endorse Billionaire Wealth Tax Read More
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