Why Even Some Democrats Hate California’s Billionaire Tax Proposal

A landmark proposal for a one-time tax on billionaires in California recently reached a milestone. The labor union backing it said it had collected enough signatures to put the measure on the state’s ballot. Laurel Rosenhall, who covers California politics for The New York Times, explains how the state arrived at this moment and what it might mean nationwide. Guest: There are enough signatures to place the California billionaire tax proposal on the state ballot in November, its backers say. Background reading: There are enough signatures to place the California billionaire tax proposal on the state ballot in November, its backers say. Photo: Jae C. Hong/Associated Press For more information on today’s episode, visit nytimes.com/thedaily . Transcripts of each episode will be made available by the next workday.

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Why Even Some Democrats Hate California’s Billionaire Tax Proposal is an episode from The Daily by The New York Times.

This episode is 00:27:24 long.

This episode was published on Apr 29, 2026.

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