Dustin Corcoran, CEO of the California Medical Association, joined California Politics 360 host Ashley Zavala on the group’s opposition of the propsed billionaire tax.
A controversial proposal to tax California’s wealthiest residents is officially headed to the November 2026 ballot, setting up a high‑stakes political fight despite opposition from the state’s top leaders, including Governor Gavin Newsom and both major candidates vying to replace him. State officials confirmed the measure qualified after proponents gathered over the roughly 875,000 valid […]
The 5 percent tax would raise tens of billions for health care, but many liberals in the state fear the long-term economic costs. Leaders of a proposal to tax California’s billionaires faced growing opposition Thursday as they declared the issue would make the state’s ballot in November. Top Democrats and advocacy groups were lining up against […]
Proponents of a tax on California billionaires vowed on Thursday to move forward with their November ballot measure despite mounting opposition from many of the state’s most powerful political forces. A labor union spent $31 million gathering signatures to qualify the measure for the ballot in an effort to offset federal healthcare funding cuts that will affect millions of […]
The groups opposed to the measure include some of Sacramento’s most influential political players. California unions and billionaires don’t often find themselves on the same side of a political fight. But a bitter battle over a November billionaire tax has splintered some of the state’s many labor unions to create a broad coalition of strange […]
The California Teachers Association, the state’s largest teachers union, opposes a measure on the November ballot that would impose a one-time tax on the state’s billionaires. “After thorough review and democratic debate about the Billionaire Tax Act, our State Council of Delegates — 800 educator representatives from throughout the state — determined that this policy […]
A surprising array of left-leaning interest groups is trying to kill a wealth tax initiative before the November ballot is finalized. Gov. Gavin Newsom is at the center of negotiations. It was hardly a surprise when California billionaires revolted last year at a groundbreaking ballot proposal to tax their assets. Some left the state. Others […]
A key architect of California’s controversial billionaire tax acknowledged this week that the proposed one-time levy may end up becoming permanent. Economics professor Emmanuel Saez made the admission during a Tuesday debate against Arthur Laffer, the father of trickle-down economics, at the University of California, Berkeley. The billionaires tax — proposed by the Service Employees International Union–United Healthcare Workers […]
