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The Guardian - US
The Guardian - US
World
Dara Kerr and Nick Robins-Early

California ‘billionaire tax’ makes ballot despite opposition from tech moguls

Gavin Newsom California Google
a banner reads 'billionaire tax now'
A large banner is seen at a campaign event for a proposed ‘billionaire tax’ in Los Angeles on 18 February 2026. Photograph: Jae C Hong/AP

A popular proposal in California to impose a wealth tax on billionaires has gained enough signatures to qualify for the ballot in November, state officials announced on Wednesday.

The news is set to intensify an already heated debate around the tax, which has pitted tech moguls and the state’s governor, Gavin Newsom, against the labor union backing the measure.

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