Episode
California’s Billionaire Tax Battle
- Published
- Jun 26, 2026
- Duration seconds
- 105
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Summary
California’s poised for a billionaire showdown as a new 5% wealth tax heads to the ballot, aiming to raise $100 billion to plug healthcare funding gaps — backed by SEIU and big-name politicians like Bernie Sanders. But Governor Newsom opposes it, and billionaire allies like Sergey Brin are rallying to block it with countermeasures, including audit mandates and bans on retroactive taxes. With polls narrowly in favor and millions at stake, this could be the most expensive and consequential ballot battle yet. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/be3234a96ef95cca