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📌 Receipts 

California’s Billionaire Tax Proposal

•  California’s controversial wealth tax proposal leaves billionaires with little way out - CNBC  : Details on the proposed one-time 5% tax on net worth over $1 billion.

•  California’s proposed Billionaire Tax Act ballot initiative - PwC  : Overview of the ballot measure, including phasing and revenue estimates.

•  25-0024A1 (Billionaire Tax) - California Department of Justice  : Official text of the proposed initiative, including tax rates and billionaire effective tax comparisons.

•  Expert Report On The California 2026 Billionaire Tax: Revenue, Economic, and Constitutional Analysis  : Economic analysis from UC Berkeley on the tax’s structure and impacts.

California Budget Deficit

•  First Look: Understanding the Governor’s Proposed 2026-27 California Budget  : Breakdown of the projected $2.9 billion deficit and spending priorities.

•  Governor Newsom announces proposed budget that refills the state’s “Rainy Day Fund,” protects previous accomplishments, and makes historic investments in education  : Official state announcement on the $348.9 billion balanced budget proposal.

•  Gavin Newsom forecasts a rosier California budget and banks on AI boom continuing  : Analysis of the “modest” $2.9 billion deficit and education spending increases.

Tech Industry Tax Avoidance

•  ‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years - The Guardian  : Report on tax avoidance by Amazon, Meta, Alphabet, Apple, and others.

•  The Spotty International Tax Record of Big U.S. Technology Companies - Council on Foreign Relations  : Discussion of foreign profit shifting by tech giants like Apple and Microsoft.

•  Fifteen Companies Each Avoided More than $1 Billion in Taxes from a Single Trump Tax Cut – ITEP  : Examples of tech firms like Meta and Microsoft benefiting from tax loopholes.

•  Silicon Six: Three ways to close big tech’s enduring tax gap - Fair Tax Foundation  : Strategies to address ongoing tax avoidance in th