California Billionaire Tax Petition Meets Signature Requirements for 2026 Ballot

Backers of a proposed California billionaire tax have collected enough signatures to qualify the measure for the November ballot. The initiative, aimed at taxing billionaires' net worth and funding healthcare and education programs, faces opposition from politicians like Governor Gavin Newsom and Andrew Yang.

By Hal Bundrick, CFP® · Senior Writer Updated Fri, June 19, 2026 at 9:40 AM GMT+3 5 min read · Yahoo Finance · June 19, 2026, 06:40 UTC

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Topics: billionaire_tax california_economy public_finance

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