California Democratic Party backs billionaire tax despite internal opposition
2 sources·Updated August 3, 2026
Covered by 2 sources
- NYT Homepage·4h agoCalifornia Democrats Want to Tax Billionaires. They Can’t Agree on How.
Leaders of the state Democratic Party endorsed the ballot measure slated for November, but the party remains far from united on the issue as Democrats nationwide grapple with a growing wealth gap.
Read at NYT Homepage → - The Hill Politics·23h agoCalifornia Democratic Party backs billionaire tax despite internal opposition
The California Democratic (CADEM) Party on Sunday announced that it backs a ballot measure to charge the state’s 200 billionaires with a one-time, five-percent tax on their net worth, a measure that has faced opposition from California Democrats, including the state's governor.…
Read at The Hill Politics →
