California Democrats Back Billionaire Tax Against Newsom's Stance
WHO:
NY Post - California Democrats, including Governor Gavin Newsom and Health and Human Services Secretary Xavier Becerra, are involved in the decision regarding the billionaire tax.
WHAT:
Los Angeles Times - Proposition 40 seeks to raise $100 billion over a five-year span to backfill cuts to Medicaid and food assistance programs included in the One Big Beautiful Bill Act signed by Trump last year.
Los Angeles Times - An internal poll cited by Dave Regan found more than 80% of registered Democrats support the tax.
NY Post - The California 2026 Billionaire Tax Act has received support from the California Democratic Party.
NY Post - The act will officially appear on the statewide general election ballot.
WHERE:
NY Post - The event is taking place in California, specifically regarding statewide elections.
WHEN:
NY Post - The California 2026 Billionaire Tax Act will appear on the ballot on November 3, 2026.
WHY:
NY Post - The support for the billionaire tax reflects a defiance against Governor Newsom's stance on the issue.
HOW:
Los Angeles Times - The California Democratic Party's executive board endorsed Proposition 40 during a meeting in San Diego.
Drudge Report - The California Democratic Party voted to back the billionaire tax.
(UPDATED August 3, 2026 05:35 UTC)
Proposition 40 aims to raise $100 billion over five years to restore funding for Medicaid and food assistance programs affected by the One Big Beautiful Bill Act signed by Trump last year. An internal poll from Dave Regan reveals that over 80% of registered Democrats are in favor of this tax initiative. The California Democratic Party's executive board has officially endorsed Proposition 40 during a recent meeting in San Diego.
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(UPDATED August 3, 2026 01:25 UTC)
California Democrats, including Governor Gavin Newsom and Health and Human Services Secretary Xavier Becerra, are playing a key role in the decision surrounding the California 2026 Billionaire Tax Act, which has garnered support from the California Democratic Party. This act will officially appear on the statewide general election ballot on November 3, 2026, reflecting a notable defiance against Governor Newsom's position on the matter. The California Democratic Party's vote to back the billionaire tax underscores the party's commitment to this initiative as they approach the upcoming elections.