Steyer pushes 2027 ballot to raise corporate taxes in California

Tom Steyer told labor unions he would back a 2027 push to raise corporate taxes, potentially via a special legislative session and an off-year ballot that could expand Prop 13 with a split-roll to tax commercial property at market value; he argues the move is needed to shore up California’s budget after federal cuts, while courting union endorsements and signaling he might finance the effort with his personal wealth.