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According to The Guardian US: The unprecedented measure has enormous potential nationwide. The clash exposes the party’s corporate-progressive divide Midway through this summer, a high-quality poll found that Democrats in California were overwhelmingly in favor of the upcoming ballot measure for a one-time 5% tax on billionaire wealth.
According to The Arab American News: DETROIT — Wayne County property owners receiving yellow bags from the county Treasurer’s Office are being urged to review the enclosed notices and seek assistance to address overdue property taxes before they lose their homes or other property to foreclosure.
According to The Guardian US: It was an ambitious notion – now Californians will vote on a one-time 5% billionaire tax, and state’s super rich have pulled out all the stops in opposition One year ago, the idea of a billionaire tax in California was still in its infancy.
According to New York Times Real Estate: At the polls on Tuesday, Florida voters will decide whether or not to reduce property taxes — and funding to local governments.
According to Los Angeles Times California: A new UC Berkeley/Los Angeles Times poll finds 50% of likely voters oppose Proposition 40's one-time billionaire tax, as support has faded amid a heavily funded campaign against it.
According to New York Times U.S.: Supporters of a California wealth tax are short on cash and are relying on cheaper campaign methods to get their word out.
According to New York Times U.S.: Laurel Rosenhall, one of our California reporters, describes how proponents of a tax on billionaires are countering their opponents’ enormous TV ad spending by spending small amounts on influencers.
According to The White House: Today, President Donald J. Trump returns to the Buckeye State to showcase a record of results that puts Ohio workers, families, seniors, farmers, and communities first.
According to CalMatters: A “Tax the Ultra-Rich Now” bus parked in San Francisco on Oct. 3, 2026. Photo by Manuel Orbegozo for CalMatters Californians’ appetite for a first-in-the-nation wealth tax appears to be waning.
According to CalMatters: I’ve lived in the Sacramento region for more than a half-century and paid local property taxes, some of which support the Los Rios Community College District. My latest property tax bills, received just a few days ago, contain levies to service bonds that the district issued in years past.
According to Los Angeles Times California: Arlo Meighan-Thiel is 16, and he's ready to vote. Not in two years, when he becomes a legal adult.
According to Los Angeles Times California: A mix of astronomical and tidal events are converging with unusually warm waters off Southern California's coast to push the tides higher than ever before, sending surges of water into beach cities like Newport Beach and Redondo Beach.
According to Los Angeles Times California: Measure PFD on the ballot in Pasadena would levy an annual parcel tax of 19 cents per square foot of improved property, with exemptions for low-income homeowners. The money would go into a special fund earmarked for fire stations, apparatus, equipment and staffing.
According to The White House: Today, President Donald J. Trump returns to the Magnolia State to highlight a proven record of results that put Mississippi workers, families, seniors, farmers, and communities first.
According to CalMatters: In summary Surveys show an age gap across the top issues on California’s ballot, including taxing billionaires and requiring IDs to vote. But while Gen Z makes up 30% of the state’s eligible voters, they are far less likely to vote than their counterparts age 55 and older.
According to Los Angeles Times California: More than $351 million in political donations has been poured into a high-stakes contest about a proposed wealth tax on the November ballot, making it one of the most costly campaigns in California history.
According to BBC News US & Canada: Voters are about to decide if the mega-rich among them should hand over billions of dollars to pay for improvements to healthcare.
According to Los Angeles Times California: The ad, funded by backers of the wealth tax, castigates Newsom for opposing Proposition 40, the ballot measure that would impose a 5% tax on California billionaires' assets.
According to CBS News U.S.: Zuckerberg has agreed to remain in California for eight years as part of a board-approved plan to create new shares he can sell to pay a proposed wealth tax.
According to CalMatters: The passage of Proposition 13 in 1978 was arguably the most significant political event in California during the last half of the 20th century. While its primary purpose was limiting property tax increases, it also made raising other state and local taxes more difficult.
In summary Voters first passed the tax in 2012, then renewed it in 2016. Now, its supporters are asking voters to make it permanent before it expires in 2031. If Proposition 3 looks familiar, it’s because this is the third time the income tax measure has appeared on California ballots. But this time might be the last.
A new analysis from Stanford economists cautions that enacting a billionaire tax could have unintended consequences.
Will California stand with the working class or the oligarchs in the vote this November? The Democratic party has a choice to make. Are we going to be New Deal Democrats or corporate Democrats? Are we standing with the working class or the tech oligarchs?
New York City’s public university cannot exist on tax dollars and tuition alone, its chancellor says.
California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. "Sunday Morning" examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it.
California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires' wealth. Correspondent Jo Ling Kent examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it.