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SMDPcites CalMattersApr 9, 2026

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

Assemblymember Ward criticized the billionaire tax proposal for being a one-time levy that benefits a specific sector rather than the general fund.

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

A proposed California ballot initiative to tax billionaires 5% to fund healthcare has sparked a divide among progressive Democrats and labor unions over its feasibility and specific allocation of funds.

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