Tag
Wealth Tax
3 articles
California Voters Reject Billionaire Tax, Dealing Blow to Labor and Progressives
Proposition 40, which would have imposed a one-time 5 percent wealth tax on billionaires, failed despite backing from unions and national Democratic figures, undone by massive opposition spending led by Google co-founder Sergey Brin.
Democrats Pivot to Federal Wealth Tax After California Defeats State Efforts
Legislative focus shifts to Congress after state-level proposals targeting unrealized gains fail repeatedly, despite Silicon Valley opposition.
California's Billionaire Tax Showdown: Tech Stocks Face Regulatory Headwind
California voters prepare to decide on a measure that could either impose a wealth tax or make it harder to tax the state's richest residents, creating significant uncertainty for U.S. equities.