Billionaire Tax Battle in California

California’s billionaire tax battle heats up as a bold plan to slap a one-time 5% levy on ultra-wealthy residents over $1 billion aims to fund healthcare, education, and food aid—potentially raising $100 billion. Backed by SEIU-UHW and progressive icons like Bernie Sanders, the move seeks to plug a gaping hole from federal cuts, but faces fierce resistance from billionaires like Sergey Brin (who’s already moved to Nevada) and powerful lobbying groups fearing economic fallout. Governor Newsom is quietly trying to kill it before it hits the ballot, while opponents warn it could trigger a brain drain and years of legal delays. The stakes? Millions could lose health coverage unless California acts—fast. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3b5a5e61c158fb41