California billionaire wealth tax sparks intra-Democratic clash between Sanders and Newsom
TL;DR Summary
A proposed one-time 5% wealth tax on the assets of billionaires to backfill federal health-care funding cuts is stirring a rift within California Democrats, with Bernie Sanders backing the measure and Gov. Gavin Newsom opposing it over concerns about state finances and competitiveness. Supporters push to qualify the measure for the November ballot amid intense fundraising and political campaigning as midterm dynamics unfold.
- Sanders and Newsom clash over proposed tax on California's billionaires PBS
- Billionaires’ Low Taxes Are Becoming a Problem for the Economy The Wall Street Journal
- Sanders pushes California wealth tax: ‘Enough is enough’ The Hill
- Bernie Sanders rails against billionaire ‘greed’ amid California tax battle The Guardian
- Opponents of proposed California wealth tax ramp up their campaign Politico
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