Dossier
billionaire's tax
Coverage of billionaire's tax in the Nexus archive.
- California voters will consider a measure in November to raise taxes on billionaires
California voters will consider a proposal to temporarily tax billionaires at 5% to fund Medicaid after federal cuts. The measure, backed by a labor union, faces opposition from Democratic Gov. Gavin Newsom and a coalition of healthcare, education, and housing groups who argue it would destabilize state revenue and drive wealth away.
- Proposed 'billionaire tax' in California spurs controversy and heavy spending
A proposed 'billionaire's tax' in California has sparked controversy, with factions on both sides spending tens of millions to influence the measure, which is likely to appear on the November ballot.