California Billionaire Tax Act gains enough signatures for November ballot. Proposed 5% wealth tax to fund hospitals, food aid, and education.

“This is not going to be, ‘Billionaires killed this wealth tax’ if it appears on the November ballot,” said Newsom's chief of staff. “It’s going to be Planned Parenthood, doctors,…

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.