Report: Why the Billionaire Wealth Tax Is Not the Right Answer for California’s Fiscal Problems
“…a one-time tax would not solve the state’s structural fiscal problems…”
Newsroom
Press coverage, statements, and updates on Prop 40.
CMA opposes Billionaire Tax Act, citing concerns over long-term Medi-Cal funding
“…this initiative is the wrong approach. It lacks accountability, fails to provide a sustainable funding solution, and risks making California’s budget challenges worse.”
California billionaire tax author admits wealth grab could go further
“… I don’t think it’s going to be a one-time tax… I’m not there to pretend that it’s one, once, and never again.”
Editorial Board: California already losing with billionaire tax referendum
“California’s best hope for keeping its tax base is for voters to reject the ballot measure so decisively that would-be wealth-taxers are afraid to ever try it again.”
Letter to the Editor: California can’t afford to drive its wealthiest citizens out of the state
“Taxing billionaire residents to resolve this problem poses major risks.”
Editorial Board: The Billionaire Tax debate needs a reality check
“The more people know about the ‘billionaire tax,’ the less they like it.”
Opinion: California Can’t Afford the Reckless Gamble of a Billionaire Tax
“This proposal carries far too much legal and administrative risk, diverting attention from the sustainable reforms that are needed to protect critical public services in California.”
Report: California’s Proposed Billionaire Tax Will Cost the State an Estimated $25 Billion
“…[Prop 40] would leave the state worse off by an estimated $25 billion once lost income tax revenue…”
Editorial Board: Proposed California wealth tax is absurd and must be defeated
“…the proposed wealth tax is both nonsensical and counterproductive.”