California's billionaire tax faces steep decline after Newsom's opposition. Tax passing in 2026 now at 19% YES.

Odds that a proposed billionaire tax is on California's ballot dropped after reports noted that Gov. Gavin Newsom is pushing to stop the proposal.

California's billionaire tax faces steep decline after Newsom's opposition. Tax passing in 2026 now at 19% YES.

California's billionaire wealth tax qualifies for the November 2026 ballot. Passage at 18% YES.