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Newsom rejects scaled-back billionaires tax as ballot fight looms

Gov. Gavin Newsom said he remains opposed to a proposed tax on billionaires, even after the union backing the measure revised its plan.

Raccontata dabusinessinsider.comcommondreams.orgabcnews.comnymag.comwashingtonexaminer.com

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5 prospettive sulla stessa storia
AI · summaries
washingtonexaminer.comStai leggendo6 h fa

Newsom rejects scaled-back billionaires tax as ballot fight looms

Gov. Gavin Newsom said he remains opposed to a proposed tax on billionaires, even after the union backing the measure revised its plan.

originale

Timeline cronologica

  1. mercoledì 17 giugno 2026·businessinsider.com

    Gavin Newsom vowed to stop California's billionaire tax. He has days left to keep it off the ballot.

    Gov. Gavin Newsom vowed to stop a billionaire tax in California. The deadline for the measure to appear on the November ballot is days away.

  2. giovedì 18 giugno 2026·commondreams.org

    'Unlikely Bedfellows': Left-Leaning Groups Join Newsom-Backed Effort to Sink California Billionaire Tax | Common Dreams

    “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,…

commondreams.org
12 h fa

Failing 'Moral Test,' Newsom Rejects Compromise 2% Wealth Tax on California Billionaires | Common Dreams

"I want a Democratic party that will stand for the working class," said Rep. Ro Khanna, a supporter of taxing billionaire wealth. "Whose side are you on?"

Leggi questa versione → originale
businessinsider.com2 g fa

Gavin Newsom vowed to stop California's billionaire tax. He has days left to keep it off the ballot.

Gov. Gavin Newsom vowed to stop a billionaire tax in California. The deadline for the measure to appear on the November ballot is days away.

Leggi questa versione → originale
nymag.com1 g fa

California Billionaire Tax Faces Last Hurdle Before Ballot

California ballot measure (November): 5% one-time wealth tax on ~200 billionaires targeting $100B for healthcare. Governor Newsom opposes citing Silicon Valley capital-flight risk, signaling political friction between progressive taxation and tech-founder protection with VC ecosystem implications.

Leggi questa versione → originale
abcnews.com1 g fa

California labor union offers to scale back billionaire tax proposal after pushback

California labor union proposes 5% wealth tax on billionaires ($100B target), scaling back to 2% after Gov. Newsom's pushback and $82M opposition campaign. Precedent for wealth taxation could reshape founder equity strategies and state talent retention in tech-heavy regions.

Leggi questa versione → originale
  • giovedì 18 giugno 2026·businessinsider.com

    What prediction markets are saying about the chances of California passing a billionaire tax

    Kalshi and Polymarket bettors are unsure if California Gov. Gavin Newsom can prevent a proposed billionaire tax from reaching voters.

  • giovedì 18 giugno 2026·abcnews.com

    California labor union offers to scale back billionaire tax proposal after pushback

    A California labor union is offering to scale back a proposal to temporarily increase taxes on billionaires

  • venerdì 19 giugno 2026·nymag.com

    California Billionaire Tax Faces Last Hurdle Before Ballot

    The wealth tax has qualified for the November ballot, but a Gavin Newsom–brokered deal could still kill it.

  • venerdì 19 giugno 2026·commondreams.org

    Failing 'Moral Test,' Newsom Rejects Compromise 2% Wealth Tax on California Billionaires | Common Dreams

    "I want a Democratic party that will stand for the working class," said Rep. Ro Khanna, a supporter of taxing billionaire wealth. "Whose side are you on?"

  • venerdì 19 giugno 2026·washingtonexaminer.com

    Newsom rejects scaled-back billionaires tax as ballot fight looms

    Gov. Gavin Newsom said he remains opposed to a proposed tax on billionaires, even after the union backing the measure revised its plan.