By Seema MehtaLos Angeles Times(TNS)LOS ANGELES — California voters are being urged to put a poison-pill effort on the November ballot that would nullify a controversial proposed tax on the state’s billionaires. There are also other ballot measure proposals aimed at thwarting the billionaire tax. The proposed tax, which would retroactively apply to billionaires’ assets as of Jan. 1, has created a wedge among Democrats. Among the supporters is Sen. Bernie Sanders, I-Vt., who kicked off the billionaire tax proposal drive in February. Photo caption: Sen. Bernie Sanders, I-Vermont, speaks at the Billionaire Tax Now rally on Feb. 18, 2026, in Los Angeles.

Source: Los Angeles Times March 11, 2026 18:08 UTC