California billionaire tax proposal attracts 1.5M signatures
The battle over a proposal to tax billionaires to fund healthcare and other essential services is expected to intensify after supporters said they've gathered enough signatures to qualify for the November ballot.
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Supporters attend a February rally in Los Angeles for the billionaire tax proposal. (Jason Armond / Los Angeles Times) By Queenie Wong Staff Writer Follow April 30, 2026 3 AM PT 53 6 min Click here to listen to this article Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print 0:00 0:00 1x This is read by an automated voice. Please report any issues or inconsistencies here. Supporters of a proposed one-time 5% tax on California billionaires began submitting nearly 1.6 million signatures, nearly double the requirement to qualify for the November ballot.The measure would tax billionaires with assets exceeding $1 billion.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Los Angeles Times.