Economy News

California ‘Billionaire Tax’ Could Target Non-Billionaires

May 10, 2026

Last week, the Service Employees International Union (SEIU) announced it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax on California’s November ballot. The initiative is called the 2026…

Energy Secretary Chris Wright holds his hands up while speaking behind a podium with flags behind him.

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Economy News

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