Sanders, Newsom Clash Over California Billionaires Tax
February 19, 2026·6 days ago·via WV News
Sen. Bernie Sanders rallies in Los Angeles to push a one-time 5% wealth tax on California's 200 billionaires, aiming to raise $100 billion to offset Trump administration's federal healthcare cuts under the One Big Beautiful Bill Act. The California Billionaire Tax Act targets assets over $1 billion, with 90% funding Medi-Cal for vulnerable residents, but supporters need 900,000 signatures for the November ballot. Gov.
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