California Democrats endorsed a billionaire tax measure for the November ballot despite opposition from Gov. Gavin Newsom.
The California Democratic Party endorsed a November ballot measure to tax billionaires' wealth, defying opposition from Gov.
Gavin Newsom and several influential labor unions.
On Sunday, California Democrats' executive board narrowly endorsed Proposition 40 after earlier votes to support or stay neutral failed.
Rep.
Maxine Waters (D-Calif.) helped rally support, while the measure had previously received limited backing from top Democratic leaders, including Rep.
California Democrats endorse billionaire tax ahead of November vote
'Major Momentum' as California Democratic Party Endorses Billionaire Wealth Tax | Common Dreams
California Democrats back billionaire tax for November ballot
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The proposal has garnered support from the progressive flank, but has also exposed divisions within the Democratic Party.
"This endorsement puts to rest the idea that California Democrats are not united by the billionaire tax—they are," said the…
California Democrats endorse a billionaire tax for the November ballot. Tax passes in 2026 at 30.5% YES.
California's billionaire tax heads to the November ballot despite Newsom's opposition. Tax passing at 35% YES.
Gov. Gavin Newsom said he remains opposed to a proposed tax on billionaires, even after the union backing the measure revised its…
The wealth tax has qualified for the November ballot, but a Gavin Newsom–brokered deal could still kill it.
