California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy
The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts.
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California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy
Grand Herald dollar-liquidity note (2026-11-05): The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts. Primary source: original at CNBC Top News (cnbc.com).