Sanders rallies in California to push a wealth tax amid ballot fight
TL;DR Summary
Sen. Bernie Sanders headlined a Los Angeles rally backing a proposed California wealth tax on billionaire assets—an initiative that could reach November’s ballot—pitting Sanders against Gov. Gavin Newsom and major business groups. The SEIU-UHW-backed measure would impose a one-time 5% tax on billionaire wealth to fund public services, but opponents warn it could drive wealthy residents away and reduce state revenue, a dynamic fueling a broader Democratic debate as Morello performed and protesters urged action.
- Bernie Sanders rallies support for wealth tax in California: ‘Enough is enough’ Politico
- Billionaires’ Low Taxes Are Becoming a Problem for the Economy The Wall Street Journal
- Bernie Sanders rails against billionaire ‘greed’ amid California tax battle The Guardian
- California Wealth Tax Opponents Intensify Efforts Before Bernie Sanders Visit The New York Times
- Bernie Sanders and Gavin Newsom become adversaries over push to tax California billionaires Associated Press News
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