California Democrats Back Billionaire Wealth Tax, Splitting From Newsom and Unions
TL;DR
California’s Democratic Party executive board endorsed a November ballot measure to tax billionaire wealth with a one-time 5% levy, moving in line with progressive advocates like Rep. Maxine Waters and Bernie Sanders but clashing with Gov. Gavin Newsom and major unions; supporters argue it would fund healthcare and public services, while opponents warn it could hurt budgets and drive the ultrawealthy out of state, and rivals are mounting efforts to undercut Prop 40.
Topics:nationcalifornia-politics#billionaire-tax#california-democrats#california-politics#labor-unions#prop-40#seiu-uhw
- California Democratic Party endorses billionaire tax Politico
- Silicon Valley donors poured $194 million into California politics. Now comes the wealth tax fight The Mercury News
- California Democrats defy Gavin Newsom and Xavier Becerra as they vote to back billionaires tax New York Post
- Billionaire tax endorsed by California Democrats deepening party divisions over Prop. 40 Los Angeles Times
- The Union Man Taking on the Democratic Establishment with a Billionaire Tax KQED
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