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EIN News - Businessvia CalMattersApr 9, 2026Local News

California billionaire tax is a no-brainer for progressive Democrats, right? Wrong.

Assemblymember Chris Ward was the sole lawmaker to openly criticize the billionaire tax measure, citing its narrow focus.

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California billionaire tax is a no-brainer for progressive Democrats, right? Wrong.
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tl;dr

A proposed 5% one-time tax on California's billionaires to fund healthcare has sparked a quiet rift among Democrats and labor unions over its feasibility, legality, and narrow focus.

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