Wednesday, October 21, 2026
Saga
California billionaire-tax ballot fight
Overview
Description California’s Proposition 40 fight centers on a one-time 5% billionaire wealth tax, weakening support, litigation risk and fiscal-impact warnings. Overview Proposition 40 would tax roughly 200 California billionaires to help offset federal Medi-Cal cuts. Opponents have raised nearly $300 million, while wealthy residents…
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Stories in this saga
2 stories, 10 sources
Oct 19, 2026
CA Billionaire Tax Opponents Raise Nearly $300M to Defeat Prop 40
- CA Billionaires Prepare Lawsuits to Block First US Asset Tax4 days ago
- Newsom Backs Measure to Cancel California 5% Billionaire Tax6 days ago
- California Tax Agency Pursues Billionaires Fleeing 5% Wealth Tax
