- Gov. Newsom is fighting a proposed one-time 5% "billionaire tax" on Californians with over $1 billion in assets — organizers have until June 25 to qualify it for the November ballot.
- The measure, backed by SEIU-UHW and some progressives, has drawn unusual opposition from major Democratic-aligned groups like the California Teachers Association and Planned Parenthood.
- Supporters say the tax would fund healthcare, schools and food aid; opponents warn it could drive wealthy residents (and future tax revenue) out of the state — voters would decide if it qualifies.
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