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California Dems Split Over Billionaire Tax | San Francisco News
Description
California Democrats are split over a proposed one-time wealth tax on billionaires, with the state party’s executive board narrowly backing it—just over 61%—sparking internal tension. Backed by SEIU-UHW and popular with most voters and Democrats, the measure faces fierce opposition from Governor Newsom and major unions who warn it could harm the economy and should be federal. With opponents already spending over $100 million, the race is tight, and while the endorsement gives supporters a campaign boost, its narrow margin signals deep party division that could shape the November election outcome.
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