Tag: wealth tax
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Newsom Treads Carefully on Proposal to Tax California’s Wealthiest
Gov. Gavin Newsom is walking a tightrope on the issue of taxing the ultra-wealthy, embracing populist rhetoric on the national stage while distancing himself...
With Ballot Deadline Looming, California Billionaire Tax Faces Uncertain Path to Voters
As California approaches a key ballot deadline, a proposed tax on the wealth of the state’s billionaires is becoming one of the most closely...
California billionaire tax is a no-brainer for progressive Democrats, right? Wrong.
A union-backed proposal to tax California’s billionaires to fund health care has put some progressive lawmakers — and their labor allies — in a quandary.
Taxing the...
EXPLAINER: What’s a ‘wealth tax’ and how would it work?
To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is: billionaires. Biden never endorsed an outright “wealth tax” when campaigning last year. But his more conventional proposed rate hikes on the income of large corporations and the wealthiest Americans have hit a roadblock.
UN chief urges wealth tax of those who profited during COVID
Secretary-General Antonio Guterres declared Monday that the world’s failure to unite on tackling COVID-19 created wide inequalities, and he called for urgent action including a wealth tax to help finance the global recovery from the coronavirus.
