Dossier
billionaire tax initiative
Coverage of billionaire tax initiative in the Nexus archive.
- Billionaire tax backers offer to cut proposed levy against California’s wealthiest — if Gavin Newsom gets on board
Backers of California’s billionaire tax initiative have proposed a scaled-back version of the levy, urging Gov. Gavin Newsom to support it to address a potential healthcare crisis. The initiative would impose a one-time tax on the state’s wealthiest residents.
- California's proposed billionaire tax qualifies for November ballot
An initiative to tax California’s wealthiest residents has qualified for the November ballot, requiring over 875,000 valid signatures. The measure will formally qualify on June 25 unless withdrawn and is backed by SEIU‑United Healthcare Workers West.