California voters to consider ballot measure to increase taxes on billionaires ^35.9%

Fox Business - By Landon Mion, Bradford Betz - 6/26/2026, 7:39 AM

Framing Effect 19.8% - Negativity Bias 13.5% - Pessimism Bias 12.2%

California voters will decide in November whether to impose a one-time 5% tax on billionaires under a ballot measure supporters say could raise about $100 billion to help offset federal Medicaid funding cuts, despite opposition from Gov. Gavin Newsom and other state leaders. The proposal would apply to California residents whose net... more