# California’s Billionaire Tax Battle

Page: https://stenobird.com/podcast/fresno-news-today-2-min-news-the-daily-news-now-7574747/california-s-billionaire-tax-battle
Text version: https://stenobird.com/podcast/fresno-news-today-2-min-news-the-daily-news-now-7574747/california-s-billionaire-tax-battle.md
Podcast: [Fresno News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/fresno-news-today-2-min-news-the-daily-news-now-7574747)
Published: 2026-06-26T01:59:34+00:00
Episode link: https://api.fastcast.ai/audio/3c26f315-e637-4d80-9af2-e91c3c643467.mp3
Audio file: https://api.fastcast.ai/audio/3c26f315-e637-4d80-9af2-e91c3c643467.mp3
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Duration seconds: 105

## Resource

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: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/be3234a96ef95cca

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## Transcript

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