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Top Democrats join the wealthiest in fighting a California tax increase on billionaires

A first-in-the-nation proposal in California to tax billionaires could test voters' appetite for levying a wealth tax on the ultra-rich. Vermont Sen. Bernie Sanders is headlining events to urge Californians to pass the measure. But it faces significant political headwinds. Billionaires are spending millions to fight the tax. And Democratic Gov. Gavin…

Sources (1)· Oct 9, 2:32 PM

california billionaire tax proposal Gavin Newsom Economy

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The Atlanta Journal-Constitution· Oct 9, 2:32 PMTop Democrats join the wealthiest in fighting a California tax increase on billionaires

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First they came for the tech bros but I was a male WNBA starRo Khanna doubled-down on his support for a 5% billionaire asset seizure in California, saying that illiquid founders should pledge stock as collateral for loans to pay the government.

New York Post2mo agoWhole story →

Economy Ro Khanna california billionaire tax proposal

Mark Cuban tells Rep. Ro Khanna he doesn't grasp startup businessMark Cuban clashed with Rep. Ro Khanna over California's billionaire tax proposal, warning the 5% wealth tax could drive startup founders and investors out of the state.

Fox Business2mo agoWhole story →

Government Ro Khanna california billionaire tax proposal

Mark Cuban checks Ro Khanna on California billionaire taxBillionaire Mark Cuban slammed California’s proposed 5% tax on the super-rich, telling Rep. Ro Khanna “Ideology is not a strategy.”

New York Post2mo agoWhole story →

Government Ro Khanna california billionaire tax proposal

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Top Democrats join the wealthiest in fighting a California tax increase on billionaires – KnowGov