FOX Business California billionaires face proposed one-time wealth tax
The proposed “2026 Billionaire Tax Act" would impose a one-time 5% tax on California billionaires’ net worth to replace billions in lost federal funding for the state's Medicaid program.
The proposed “2026 Billionaire Tax Act" would impose a one-time 5% tax on California billionaires’ net worth to replace billions in lost federal funding for the state's Medicaid program.