SACRAMENTO, California — A proposed tax on billionaires is driving a wedge between Democrats in California, upending politics ...

California's proposed billionaire tax would retroactively tax net worth over $1 billion starting January 2026, forcing ...

A proposed tax on California’s wealthiest residents is drawing opposition from a growing group of top state Democrats, ...

The proposal is a problem for the governor’s presidential ambitions. So he’s trying to cut a deal to keep it off the ballot.

Some of the state's wealthiest residents have warned that the proposed "billionaire tax" could prompt many to flee California ...

Red states gain billions in income as California faces population decline amid proposed billionaire tax targeting assets over ...

A proposal to tax the accumulated wealth of California billionaires has ignited a political uproar in Silicon Valley and ...

Gov. Gavin Newsom said he was working behind the scenes to block a proposed tax on billionaires’ wealth and was committed to ...

There is little to no economic evidence showing that billionaires will move to avoid a small and one-time wealth tax,” ...

Under the wealth tax proposal, California is at risk of losing something it can’t easily recover: not just a specific set of ...

Taken together, California’s political class is increasingly split on an issue that very well may grow into a headache for ...