California Billionaire Tax Moves Closer to November Ballot

Supporters of a proposed tax on California billionaires have submitted over 1.5 million signatures to place the measure on the November ballot. The tax aims to fund healthcare and education, but opponents warn it could lead to economic decline. A competing initiative, the 'Transparency Act,' is also gathering signatures and may affect the outcome.

By Hal Bundrick, CFP® · Senior Writer Tue, April 28, 2026 at 6:25 PM GMT+3 5 min read · Yahoo Finance ·

California Billionaire Tax Moves Closer to November Ballot

Topics: ballot measures billionaires California healthcare funding public education tax policy

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