Los Angeles, United States, Oct 15, 2026 (AFP) - California puts first US billionaire tax to the vote

NAMPA / AFP

2026-10-15

When Americans vote in next month's midterm elections, one question on the ballot in California could echo far beyond the state: should the ultra-wealthy pay a special tax on their fortunes? The proposal would require California's roughly 200 billionaires to hand over five percent of their net worth that will mostly be used to fund the public healthcare system gutted by President Donald Trump, and on which around half of Californians depend. Advo......

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Law & Politics

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