SACRAMENTO — The controversial 2026 Billionaire Tax Act officially qualified for the November ballot.
The California Secretary of State certified enough signatures for the measure, which was led by the Service Employees International Union – United Healthcare Workers West and several economists. Proponents claim the one-time tax over five years will generate a minimum of $89 billion and a maximum of $128 billion in revenue, although their claims have been subject to intense debate and rebuttals…..
