California billionaire tax will appear on ballot after deadline for deal passes

Source: www.theguardian.com · Section: headlines · Bias: Center-Left · Published: Fri, 26 Jun 2026 00:14:21 GMT

Proposal to introduce one-time tax of 5% will go to voters in November after backers decline to withdraw measureCalifornia’s billionaire tax, explained: what you need to knowCalifornia voters will get to decide in November whether billionaires should pay a one-time 5% tax, after a deadline passed on Thursday for its backers to withdraw the measure.“Enthusiasm for the billionaire tax is unlike anything we have seen before,” Debru Carthan, vice-president of the union sponsoring the measure, said during a Thursday-evening press conference. “The billionaire tax will be on the November ballot and we intend to win.” Continue reading...

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The same story across the political spectrum (15 sources)

Center: California voters will consider a measure in November to raise taxes on billionaires — therecord.com
Center-Left: Controversial billionaire tax proposal will appear on November ballot — www.latimes.com
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