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The Latest Breaking News from Ro Khanna

Report: California's Proposed 'Billionaire Tax' Is Based on Bad Research

The planned wealth tax leads slightly in the polls and is already driving capital flight.

Reason

‘They can’t even spell AI’: Republican offers brutal take as Congress flees Hill amid calls for oversight

Blunt congressman tells The Independent that Congress is not good at regulating while his colleagues are split on the matter amid fears artificial intelligence could one day run amok

The Independent UK

First Thing: JD Vance accused of ‘gaslighting’ after saying he is skeptical US struck Iranian wedding

Vice-president’s claim US-Iran conflict is not war draws ridicule from Democrat Ro Khanna. Plus, iconic feminist Gloria Steinem dies at 92

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Iran-US war latest: Vance says ‘sometimes things happen’ after US accused of killing five in wedding strike

Vice president rejects characterisation of Iran conflict as a ‘war’ and claims that major combat operations only lasted ‘about six weeks’

The Independent UK

Second Epstein petition looks for Republican support

For Rep. Thomas Massie, time is running out in his latest effort to extract more files from the Justice Department related to the late sex offender Jeffrey Epstein. He’s leading a push to sidestep House leaders and bring another bill to the floor, dubbing it the Epstein Files Transparency Act…

Roll Call

San Francisco Democrats break with their party over the billionaire tax—and reveal how deeply Prop 40 has split the left

The billionaire tax vote looms in November—and Democrats in California can’t agree on endorsing it.

Fortune

Democrats fighting over Hasan Piker face accusations of falling into a Republican trap

As Democrats train their fire on their own, progressives fear that party leadership is squandering an opportunity to unify against Trump and the GOP, writes John Bowden

The Independent UK

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Taxing all 938 billionaires at 100% wouldn't stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says tax them 5% and send you a check

Elon Musk argues America’s $40 trillion debt is too big for billionaire taxes to fix, but Bernie Sanders says a 5% tax could at least put $3,000 back in your pocket.

Fortune

Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California's billionaire tax is spent

The former Google CEO is disgruntled with the use of his funding for other measures that are not focused on California's Proposition 40.

Fortune

A Wealth Tax Built on Billionaires Who Aren't Really Billionaires

Many entrepreneurs with high net worths don't actually have much cash. What bank lends $100 million against illiquid stock in young companies that may or may not succeed?

Reason

Ro Khanna Says Medicare for All Could Cut $1 Trillion in Annual Health Costs: ‘Saves Money and Lives’

Rep. Ro Khanna (D-Calif.) said Wednesday that a new Yale analysis projects that a Medicare-for-All-style system could reduce U.S. health spending by $1.04 trillion annually.

Benzinga

Steve Hilton Warns California Wealth Tax Could Drive Silicon Valley Talent, Investment Out of State: ‘Economic Suicide’

Political commentator Steve Hilton warned that a proposed California wealth tax could drive Silicon Valley’s top talent and investment out of the state, threatening the region’s technology and innovation economy.

Benzinga

Meet the venture capital and crypto billionaires quietly bankrolling the fight against California's wealth tax

Campaign finance records show at least four billionaires quietly funding the opposition—and the fight is only growing stronger

Fortune

California’s billionaires just poured $40 million into blocking a wealth tax that threatens to force them to pay 5% of their net worth

Billionaires have amassed a nine-figure war chest to defeat Proposition 40 as polls show California voters are nearly split on the one-time tax.

Fortune

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Fortune

‘Only idiot startup founders stay in Cali’: Mark Cuban rips Ro Khanna on billionaire tax—reveals a rift between Democrats and their wealthy supporters

The business mogul fired shots at the Democratic economic patriot over concerns of taxing young startup companies out of California.

Benzinga

a16z Partner Asks Why California Politicians ‘Want to Push Away Startups,’ Says State Already Lost Tesla and SpaceX HQs ‘Due to Political Shenanigans’

Andreessen Horowitz partner Josh Elman criticized California politicians over policies he says could drive startups and founders out of the state, pointing to Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp. (NASDAQ:SPCX) previous headquarters moves as California debates a proposed one-time 5% tax on billionaire wealth.

Benzinga

Mark Cuban Calls Ro Khanna's Founder Tax Plan 'Insane,' Bill Ackman Warns Government Could Garnish Your Wages for Life

Billionaires Mark Cuban and Bill Ackman criticized a plan from Rep. Ro Khanna (D-Calif.) that would let illiquid startup founders pledge their shares to the government in exchange for a loan to cover their tax bills, warning it could leave founders drowning in debt or hand the government ownership stakes…

Benzinga

Mark Cuban Warns California Wealth Tax Could Drive Billion-Dollar Startups Out of State: ‘Ideology Is Not a Strategy’

Billionaire entrepreneur Mark Cuban warned Rep. Ro Khanna (D-Calif.) that a proposed 5% wealth tax on California billionaires could discourage investment and push high-value startups and their founders out of the state.

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Benzinga

Ro Khanna Calls US a 'Second Gilded Age,' Says Billionaire Wealth Tax Could Raise $4 Trillion

Rep. Ro Khanna (D-Calif.) said the concentration of wealth among U.S. billionaires has reached levels he compared with the Gilded Age, calling for a tax on billionaire wealth.

TechRadar

A step too far? US lawmaker pledges 'Data Center Bill of Rights' to let protests be more effective

Ro Khanna's Data Center Bill of Rights would ban data centers within half a mile of homes and schools, but it might lack teeth as a non-binding resolution.

Salon

Some Democrats regret Laken Riley Act

The law named after a murdered student boosted the admin’s immigration powers. Some Democrats are answering for it

Benzinga

Trump Adviser Sounds Alarm On Fuel Prices, Grocery Inflation As Iran War Keeps Energy Costs High, But Sees US Economy Entering 'Liftoff Stage'

Kevin Hassett, director of the National Economic Council, expressed his concern about the ongoing high fuel prices and inflation, against the backdrop of the continuing Iran war, which has been a significant contributor to the current economic scenario.

Benzinga

Ro Khanna Slams AI Data Center Boom as ‘Damaging,’ Says Backup Generators Are Becoming ‘De Facto Private Power Plants’

Rep. Ro Khanna (D-Calif.) warned that the rapid expansion of AI data centers is placing growing environmental and infrastructure burdens on local communities while companies shift some costs to residents and utility ratepayers.

Benzinga

Ro Khanna Calls for ‘No Aid to Israel,’ Says Next Democratic Administration Must Be ‘Anti-Empire’

Rep. Ro Khanna (D-Calif.) called for a major shift in U.S. foreign and domestic policy, urging an end to aid to Israel, less military intervention abroad and a Democratic Party focused on universal health care.

The Guardian - US

Trump faces calls for windfall tax on big oil’s profits from Iran war

US president’s complaint industry ‘making too much money’ comes after his policies boosted corporations

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