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The proposed billionaire tax on California’s November ballot could slap a one-time 5% levy on wealthy residents, including sports team owners, to raise healthcare funds
A new UC Berkeley/Los Angeles Times poll finds 50% of likely voters oppose Proposition 40’s one-time billionaire tax, as support has faded amid a heavily funded campaign against it.
In California, fuel prices often are higher than anywhere else in the country, a reflection of the state’s high cost of living that voters want their next governor to address.
Top Democratic and Republican leaders are sweeping through California as the Nov. 3 election approaches, evidence of the state’s pivotal role in deciding which party will control the U.S. House of Representatives and the viability of President Trump’s final two years in office.
More than $351 million in political donations has been poured into a high-stakes contest about a proposed wealth tax on the November ballot, making it one of the most costly campaigns in California history.
The ad, funded by backers of the wealth tax, castigates Newsom for opposing Proposition 40, the ballot measure that would impose a 5% tax on California billionaires’ assets.
After months publicly absent from the campaign trail, Democrat Xavier Becerra has increased public appearances and begun airing television ads as mail ballots reach California voters.
Former Gov. Arnold Schwarzenegger and Gov. Gavin Newsom marked 20 years of California’s landmark climate law, celebrating a rare show of bipartisan unity amid deepening political polarization.
Democrat Xavier Becerra, the frontrunner to become the state’s next governor, often invokes the story of his parents’ humble beginnings as immigrants from Mexico who, through hard work, built happy and productive lives in California.
Labor leaders argue that the billionaires tax includes a loophole that would allow state lawmakers to tax the savings and retirement accounts and home equity of all Californians.
