The ‘billionaire tax’ would hurt those it is supposed to help
California’s next governor won’t be chosen until November, but the debate over a proposed wealth tax is already defining the race.

Police arrested and charged Stronach in 2024 with criminal offenses, including sexual assault and rape, for alleged crimes dating from the 1970s to 2024.
California’s next governor won’t be chosen until November, but the debate over a proposed wealth tax is already defining the race.
The chief backer of California's billionaire tax initiative, Dave Regan, launched a blistering attack on Gavin Newsom, accusing the governor of cozying up to billionaires to bankroll a future White House bid.
California Gov. Gavin Newsom’s office said Friday that it remains opposed to a proposed tax on California billionaires, even after the labor union backing the measure revised its plan following its qualification for the November ballot. The new initiative, from Service Employees International Union–United Healthcare Workers West, would impose a one-time 2% tax on individuals […]
The Czech prime minister heightened his public criticism of the central bank’s tight monetary policy, saying its latest move to raise interest rates will hurt the economy.
Republican Rep. Randy Fine (Fla.) criticized Vice President Vance on Friday morning over his stark warning to Israel during a White House press briefing on Thursday. “I thought JD’s comments yesterday were absolutely inappropriate and frankly disgusting,” Fine said on conservative network Real America’s Voice. Vance criticized Israel’s leadership for speaking out against the memorandum…
The Supreme Court has offered a reasonable ruling on a deeply unreasonable law.
World leaders are returning home from the annual G7 summit, having failed to address issues such as income inequality, climate change and territorial conflict, while entertaining the wealthy executives of the artificial intelligence and fossil fuel industries. Oxfam International Executive Director Amitabh Behar calls the G7 “a club of the super-rich super-elites” and slams the summit’s focus on business, and business as usual, at the expense of humanitarian efforts and improving the lives of “the common people.”
The Trump administration wants to jumpstart student loan repayment, with federal student loan debt approaching $2 trillion.