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Top Democrats are fighting a billionaire tax in California. Their voters are on the other side |

Published October 31, 2026 7:00 am • Updated October 31, 2026 7:00 am •
Top Democrats are fighting a billionaire tax in California. Their voters are on the other side |
Photo via The Guardian US

The unprecedented measure has enormous potential nationwide. The clash exposes the party’s corporate-progressive divideMidway through this summer, a high-quality poll found that Democrats in California were overwhelmingly in favor of the upcoming ballot measure for a one-time 5% tax on billionaire wealth.The ratio was more than 4 to 1. But the state’s most powerful Democrats – including the governor Gavin Newsom, his near-certain successor Xavier…

The unprecedented measure has enormous potential nationwide. The clash exposes the party’s corporate-progressive divideMidway through this summer, a high-quality poll found that Democrats in California were overwhelmingly in favor of the upcoming ballot measure for a one-time 5% tax on billionaire wealth.The ratio was more than 4 to 1. But the state’s most powerful Democrats – including the governor Gavin Newsom, his near-certain successor Xavier…

Source: The Guardian US — Original report ↗

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Original source: The Guardian US ↗