A proposal to temporarily increase taxes on billionaires in California to counter federal cuts to healthcare for low-income people has sufficient public support to qualify for the November ballot.

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.

Billionaire tax measure qualifies for California's November 2026 ballot. Tax passing at 32% YES.