Widening income inequality and a growing number of U.S. billionaires is supercharging the political debate around wealth taxes, at both the national and local level. Democratic lawmakers and candidates, including some from the party’s energized democratic socialist wing, are promising to impose new levies on the über-wealthy should they win control of Congress, citing both … Read more
Gavin Newsom calls for national tax on billionaires – CBS News Watch CBS News California Gov. Gavin Newsom called for a national tax on billionaires. Democratic strategist and former Biden adviser John McCarthy and Republican strategist T.W. Arrighi return to “The Takeout” to discuss. Source link
CA billionaire tax faces legal challenge, Newsom opposes it FOX Business Host Cheryl Casone reports on California’s controversial billionaire tax, a one-time 5% levy on residents worth over $1 billion. This measure, which would retroactively apply from January 1, 2026, is opposed by Gov. Gavin Newsom. Critics question its legality and potential for billionaires to … Read more
SACRAMENTO, Calif. — California voters will consider a controversial proposal in November to temporarily raise taxes on billionaires after the labor union backing the measure announced Thursday it would forge ahead despite pressure from critics to withdraw it. The proposal, backed by the Service Employees International Union Healthcare Workers West, would impose a one-time 5% … Read more
Trump adviser Boris Epshteyn denies any relationship with Indian businessman Gautam Adani, who faced federal fraud charges. Source link
NEWYou can now listen to Fox News articles! Scandal-plagued Maine Senate candidate Graham Platner used a fiery pre-primary address to pitch universal health care, wealth taxes, a Green New Deal and other far-left agenda items, like floating an idea that billionaires should be jailed for looking at political ads “the wrong way” in remarks about … Read more
Jim Justice is credited with saving the Greenbrier, but now faces calls for new ownership as some claim he drained its revenue to pay other bills. Source link
NEWYou can now listen to Fox News articles! Scandal after scandal is not enough to dissuade Maine Senate Democratic candidate Graham Platner’s most vocal supporter in the upper chamber. Sen. Bernie Sanders, I-Vt., is not backing away from Platner despite the seemingly ever-growing baggage attached to the insurgent Democratic candidate. The once long-shot candidate has … Read more
Carlsbad, New Mexico, a small city dwarfed by a vast, dirt red desert, was home to Jon Green in 2017. That was the year a routine medical exam would become a turning point for him and his doctor, Kim Lark. Erin Moriarty: The very first day when he walks in, how would you have described … Read more
OAKLAND, Calif. — Six tech billionaires walk into a courthouse … Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. It’s not the setup to a joke. It’s the extraordinary spectacle that played out at a federal court complex over three weeks, as a mass concentration of tech wealth … Read more