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Attendees cheer during a rally in support of the California Billionaire Tax Act in Los Angeles on February 18, 2026.
(Photo by Patrick T. Fallon/AFP via Getty Images)
'Major Momentum' as California Democratic Party Endorses Billionaire Wealth Tax
"This endorsement puts to rest the idea that California Democrats are not united by the billionaire tax—they are," said the president of the healthcare workers union leading the ballot measure campaign.
Aug 03, 2026
The California Democratic Party on Sunday endorsed a state ballot measure that would impose a one-time, 5% wealth tax on billionaire residents, a popular initiative that has drawn opposition from Democratic Gov. Gavin Newsom and ultra-rich corporate executives who are spending big to defeat it.
California Democrats' executive board voted 145-90 on Sunday to endorse the billionaire wealth tax, which will appear on the November ballot as Proposition 40. The Sacramento Bee reported that "delegates and observers erupted into cheers" following the vote, which barely cleared the 60% threshold needed for a formal endorsement.
Dave Regan, president of SEIU-United Healthcare Workers West, the union leading the campaign for the ballot initiative, said the California Democratic Party's endorsement of the proposal "puts to rest the idea that California Democrats are not united by the billionaire tax—they are."
"Polling shows that more than 80% of registered Democrats support this critical solution to our healthcare crisis," said Regan, "and now the Democratic Party of California has officially embraced that strong support through this endorsement.”
It’s official: the California Democratic Party has endorsed the Prop. 40 billionaire tax on 145-90 vote. They reconsidered an earlier vote where it narrowly failed to clear the 60% threshold. pic.twitter.com/5YnH3Ps7mE
— Ben Paviour (@BPaves) August 2, 2026
If approved by voters and enacted, the tax would raise an estimated $100 billion in revenue that could be used to offset the impact of federal Medicaid cuts and bolster California's education system.
Organizers said Sunday that the endorsement "puts major momentum behind" the proposed billionaire tax, noting that official California Democratic Party election materials will now note its backing of Proposition 40.
Suzanne Jimenez, chief of staff at SEIU-United Healthcare Workers West, said Sunday that "we refuse to accept a future where tens of millions of working families pay the price for tax cuts that benefit 200 billionaires."
"We are proud to stand alongside California Democrats in fighting for passage of the billionaire tax," said Jimenez. "We will work together to put patients first. We will ask those who have gained the most from our economy to help preserve the healthcare access, including to emergency services, that every Californian needs and deserves."
The endorsement from the California Democratic Party came after a coalition of billionaires backed by Google co-founder Sergey Brin reserved nearly $90 million in advertising time across the state and got two other tax-related initiatives on the November ballot: Propositions 41 and 42.
If the billionaire tax measure passes and either 41 or 42 also pass, Proposition 40 "could be stopped from becoming law," according to California's nonpartisan Legislative Analyst's Office (LAO).
"This is because the courts could find that Proposition 41 or 42 conflict with Proposition 40," the LAO noted.
We are at a crossroads
This country and this world are at a monumental crossroads. US voters have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. If you share our vision, please contribute whatever you can to sustain our work. |
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The California Democratic Party on Sunday endorsed a state ballot measure that would impose a one-time, 5% wealth tax on billionaire residents, a popular initiative that has drawn opposition from Democratic Gov. Gavin Newsom and ultra-rich corporate executives who are spending big to defeat it.
California Democrats' executive board voted 145-90 on Sunday to endorse the billionaire wealth tax, which will appear on the November ballot as Proposition 40. The Sacramento Bee reported that "delegates and observers erupted into cheers" following the vote, which barely cleared the 60% threshold needed for a formal endorsement.
Dave Regan, president of SEIU-United Healthcare Workers West, the union leading the campaign for the ballot initiative, said the California Democratic Party's endorsement of the proposal "puts to rest the idea that California Democrats are not united by the billionaire tax—they are."
"Polling shows that more than 80% of registered Democrats support this critical solution to our healthcare crisis," said Regan, "and now the Democratic Party of California has officially embraced that strong support through this endorsement.”
It’s official: the California Democratic Party has endorsed the Prop. 40 billionaire tax on 145-90 vote. They reconsidered an earlier vote where it narrowly failed to clear the 60% threshold. pic.twitter.com/5YnH3Ps7mE
— Ben Paviour (@BPaves) August 2, 2026
If approved by voters and enacted, the tax would raise an estimated $100 billion in revenue that could be used to offset the impact of federal Medicaid cuts and bolster California's education system.
Organizers said Sunday that the endorsement "puts major momentum behind" the proposed billionaire tax, noting that official California Democratic Party election materials will now note its backing of Proposition 40.
Suzanne Jimenez, chief of staff at SEIU-United Healthcare Workers West, said Sunday that "we refuse to accept a future where tens of millions of working families pay the price for tax cuts that benefit 200 billionaires."
"We are proud to stand alongside California Democrats in fighting for passage of the billionaire tax," said Jimenez. "We will work together to put patients first. We will ask those who have gained the most from our economy to help preserve the healthcare access, including to emergency services, that every Californian needs and deserves."
The endorsement from the California Democratic Party came after a coalition of billionaires backed by Google co-founder Sergey Brin reserved nearly $90 million in advertising time across the state and got two other tax-related initiatives on the November ballot: Propositions 41 and 42.
If the billionaire tax measure passes and either 41 or 42 also pass, Proposition 40 "could be stopped from becoming law," according to California's nonpartisan Legislative Analyst's Office (LAO).
"This is because the courts could find that Proposition 41 or 42 conflict with Proposition 40," the LAO noted.
The California Democratic Party on Sunday endorsed a state ballot measure that would impose a one-time, 5% wealth tax on billionaire residents, a popular initiative that has drawn opposition from Democratic Gov. Gavin Newsom and ultra-rich corporate executives who are spending big to defeat it.
California Democrats' executive board voted 145-90 on Sunday to endorse the billionaire wealth tax, which will appear on the November ballot as Proposition 40. The Sacramento Bee reported that "delegates and observers erupted into cheers" following the vote, which barely cleared the 60% threshold needed for a formal endorsement.
Dave Regan, president of SEIU-United Healthcare Workers West, the union leading the campaign for the ballot initiative, said the California Democratic Party's endorsement of the proposal "puts to rest the idea that California Democrats are not united by the billionaire tax—they are."
"Polling shows that more than 80% of registered Democrats support this critical solution to our healthcare crisis," said Regan, "and now the Democratic Party of California has officially embraced that strong support through this endorsement.”
It’s official: the California Democratic Party has endorsed the Prop. 40 billionaire tax on 145-90 vote. They reconsidered an earlier vote where it narrowly failed to clear the 60% threshold. pic.twitter.com/5YnH3Ps7mE
— Ben Paviour (@BPaves) August 2, 2026
If approved by voters and enacted, the tax would raise an estimated $100 billion in revenue that could be used to offset the impact of federal Medicaid cuts and bolster California's education system.
Organizers said Sunday that the endorsement "puts major momentum behind" the proposed billionaire tax, noting that official California Democratic Party election materials will now note its backing of Proposition 40.
Suzanne Jimenez, chief of staff at SEIU-United Healthcare Workers West, said Sunday that "we refuse to accept a future where tens of millions of working families pay the price for tax cuts that benefit 200 billionaires."
"We are proud to stand alongside California Democrats in fighting for passage of the billionaire tax," said Jimenez. "We will work together to put patients first. We will ask those who have gained the most from our economy to help preserve the healthcare access, including to emergency services, that every Californian needs and deserves."
The endorsement from the California Democratic Party came after a coalition of billionaires backed by Google co-founder Sergey Brin reserved nearly $90 million in advertising time across the state and got two other tax-related initiatives on the November ballot: Propositions 41 and 42.
If the billionaire tax measure passes and either 41 or 42 also pass, Proposition 40 "could be stopped from becoming law," according to California's nonpartisan Legislative Analyst's Office (LAO).
"This is because the courts could find that Proposition 41 or 42 conflict with Proposition 40," the LAO noted.
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