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California 'One Step Closer' to Taxing Billionaires With Enough Signatures to Make Ballot
"In a nation as rich as ours, that’s the least we deserve," said one proponent of the billionaire tax.
Apr 27, 2026
The coalition behind a plan to tax California billionaires on Monday announced it's reached a major milestone in its efforts to get its proposed wealth tax on ballots this fall.
The California Billionaire Tax coalition revealed it has now filed more than 1.5 million signatures, or nearly twice the 875,000 signatures required to make the California Billionaire Tax Act an official state ballot initiative.
The proposed tax, which has drawn opposition from Democratic California Gov. Gavin Newsom and support from Sen. Bernie Sanders (I-Vt.), will hit the state's billionaires with a one-time 5% wealth tax that proponents say will be used to fund local hospitals, food aid, and public education.
Mayra Castañeda, an ultrasound technologist and a member of Service Employees International Union-United Healthcare Workers West (SEIU-UHW), which proposed the ballot initiative, said that the tax was essential to preserve quality of healthcare in California.
"When funding is cut, it brings a world of pain," said Castañeda. "It means longer ER waits, fewer healthcare workers, rural hospitals shutting down, delayed care, and lives lost that could have been saved. It's clear that most Californians and most billionaires recognize how reasonable and necessary this proposal is—both to keep emergency rooms open and to save California businesses from closing."
Jared Hamil, a member of Teamsters Local 396, said gathering more than 1.5 million signatures in favor of the tax means "we are one step closer to the California we deserve."
"We deserve to be able to afford to see a doctor when we’re sick," Hamil emphasized. "We deserve to know our local hospital will be open and ready to treat you in an emergency. In a nation as rich as ours, that’s the least we deserve."
A poll of California voters conducted last month by the University of California, Berkeley found that the proposed billionaire tax is broadly popular, with support outweighing opposition by a roughly two-to-one ratio.
An analysis by the Institute on Taxation and Economic Policy estimates that the tax will raise $100 billion in revenue over the next five years, which would be enough to fill the hole in California's state budget caused by the Republican-passed One Big Beautiful Bill Act that takes an ax to spending on Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
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Analysis Warns of 'Disastrous Consequences' From $72 Billion Railway Megamerger
"The last 40 years of railroad consolidation clearly demonstrate how this merger could threaten public safety and harm shippers, workers, consumers, and the broader economy," said an economic analyst.
Oct 21, 2025
A merger between two of America's biggest railroad companies could have "disastrous consequences" for workers and consumers, according to a report out Monday.
In late July, labor unions raised alarm as Union Pacific Railroad announced a $72 billion deal to acquire Norfolk Southern Railway, which, if approved by the US Surface Transportation Board (STB), would make the new entity the largest railroad company in American history, controlling over 50,000 total miles of interstate rail.
The American Economic Liberties Project (AELP), an anti-monopoly think tank, provided more evidence for those concerns with its new analysis.
"A combined Union Pacific-Norfolk Southern will have disastrous consequences: less safe workers and communities, less competition, higher costs, and service disruptions," said one of the report's authors, AELP senior fellow Erik Peinert. "For good reason, there has never been an attempt at a consolidated transcontinental railroad system until now—a scale of railroad consolidation not even met by the railroad barons of the Gilded Age."
As the report explains, America's interstate rail system is dominated by four companies that operate as a pair of "regional duopolies." Norfolk Southern lines stretch across the Eastern US, along with those owned by CSX, while areas west of the Mississippi River are covered by Union Pacific and BNSF.
This already heavily consolidated system is the product of Congress' deregulation of railroads during the 1980s and 1990s, most notably through the replacement in 1995 of the more powerful Interstate Commerce Commission (ICC) with the STB, which has more limited authority to regulate mergers.
"Even by the very lax merger standards of the late 1990s and early 2000s, these combinations were recognized as mistakes with devastating outcomes," the report says. "Shippers reported a deterioration in service, fewer options with higher prices, and the loss of jobs, while workers lost jobs and those who didn't face strenuous working conditions."
Though STB's rules tightened in 2001, requiring mergers to "enhance" competition instead of simply not harming it, the damage was already done. Over the next two decades, the report noted that the top four major railroads came to haul 7% fewer loads while hiking freight rates twice as fast as inflation. This was due in large part to the fact that 50% of customers were now "captive," that is, they had access to only one rail line, compared to just 27% two decades prior.
Another megamerger, the report warns, would cause a "likely permanent loss of competitive rail services for shippers" in large sections of the country, specifically the Midwest, where Union Pacific and Norfolk Southern have overlapping lines.
The deal has been opposed by a consortium of shipping associations, including the Freight Rail Customer Alliance, the American Chemistry Council, and the National Industrial Transport League (NITL), which warned that it would slow down service and lead to price hikes.
Labor unions—including the Teamsters, the Transport Workers Union of America, and the Railroad Workers United—have also opposed the merger, citing the companies' histories of cutting costs by laying off employees and flouting safety standards.
"Historically, rail consolidation results in job loss, diminishing labor power in negotiating better working conditions and pay, resulting in staffing shortages that lead to burnout and increased safety risks for workers and the public," the report says. "And in general, consolidation results in stagnant and reduced wages for workers, as there are fewer buyers for labor and greater leverage for the consolidated companies."
There is also a risk that if the STB approves the merger, it could embolden the other half of the duopoly, CSX and BNSF, to merge as well, creating a national duopoly where "choice and competition would be lost."
In part due to the STB's more stringent rules, no interstate railroads have attempted to merge in the 21st century. However, the Trump administration seemed to give Union Pacific and Norfolk Southern a green light when—just as proceedings for the merger were beginning in late August—President Donald Trump fired Robert Primus, a Democratic member of the STB who had been an outspoken critic of railroad consolidation, which broke a 2-2 tie on the board between Democrats and Republicans.
At the beginning of October, Primus sued the Trump administration, which had not explained his firing other than that he "did not align with the president's America First agenda." After meeting with the CEO of Union Pacific in September, Trump said that the merger "sounds good."
"Our country's supply chain demands that the board be independent and transparent. Congress mandated it 138 years ago," Primus said upon filing the lawsuit. "Failure to do so will negatively affect the network: railroads, shippers, and rail labor alike, disrupting the supply chain and ultimately injecting instability into our nation's economy. This is dangerous, and wrong, and cannot be allowed to happen."
Railroad Workers United said that Primus "was removed not for inefficiency or malfeasance, but for daring to stand for fair competition and consumer interests, a principle too radical for the 'America First' cabal."
Ashley Nowicki, the report's other author and a policy analyst at the AELP, said that the firing of Primus, "who questioned rail consolidation and the railroad's substantial lobbying efforts, raises serious concerns about political interference."
"The last 40 years of railroad consolidation clearly demonstrate how this merger could threaten public safety and harm shippers, workers, consumers, and the broader economy," she continued. "The Surface Transportation Board must show it can operate independently and protect the public interest over Wall Street."
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Teamsters Rally in NYC After Amazon's 'Illegal' Firing of 150 Unionized Drivers
"Amazon would be nothing without its workers," said one worker. "We're the ones who power their profits. We're the ones who put our health and safety on the line every single day."
Sep 09, 2025
Teamsters and their supporters rallied outside a New York Amazon facility Monday in protest of what they said was an "illegal" firing of over 150 unionized drivers.
According to the union, the fired workers were employed by the delivery service provider Cornucopia, one of thousands of providers the company contracts with to deliver packages. These workers joined the Teamsters last year as the union went on strike in nine cities across the US.
Amazon claims these workers are not employees, but "contractors," and that firing them does not constitute illegal union busting.
The union, however, described this as "a phony shell game," saying that the contractors "wear Amazon uniforms, follow Amazon rules, and work off Amazon's routing software."
"Amazon calls the shots," read a statement from the union. "They are the employer and everyone knows it."
Last year, a National Labor Relations Board (NLRB) official in Los Angeles agreed that the company had engaged in unfair labor practices when it fired other unionized contractors in California, and determined that they did, in fact, count as employees of Amazon.
At the time, this ruling seemed to provide some clarity as Amazon workers fought to have their union recognized by the company, which has refused to recognize them for years.
This remained the case even after 2024, when more than 10,000 Amazon workers joined the Teamsters and the union launched the largest strike ever against the company right before the holidays, during which they demanded the company negotiate a fair contract that included wage increases and addressed workplace safety issues and illegal union busting.
Outside Amazon's DBK4 facility, which joined the strike last year, the Teamsters and their allies renewed calls for negotiation Monday.
"Amazon is breaking the law and we let the public know it," said Antonio Rosario, a Local 804 member and Teamster organizer.
Latrice Shadae Johnson, a Teamster who works at DBK4, added that "Amazon would be nothing without its workers."
"We're the ones who power their profits. We're the ones who put our health and safety on the line every single day. We're the ones who made them a $2 trillion corporation," said Johnson. "If Amazon thinks we're going to take this lying down, they have another thing coming. Our solidarity is only growing stronger."
That solidarity has come from many corners across New York City, with members of the City Central Labor Council, part of the AFL-CIO, taking part in the rally.
The Teamsters were also joined by democratic socialist state Sen. Kristen Gonzalez (D-59), who defeated the industry-backed cousin of former Queens US Rep. Joe Crowley in 2022.
"I've been in office three years, and every single year I've been right here in this spot because every single year Amazon has done union-busting," Gonzalez said to cheers from the crowd, "It's because they think they are above the law."
In 2024, Amazon joined a lawsuit filed by Elon Musk's company SpaceX, arguing that the NLRB, which is responsible for adjudicating labor rights violations, is unconstitutional because its members cannot be fired at will by the US President.
Just one week into his term, President Donald Trump fired NLRB member Gwynne Wilcox, effectively crippling the board's ability to rule on union-busting cases.
According to LaborLab, which publishes reports on corporate union busting, "Without a functioning board, companies like Amazon and Tesla can engage in union-busting tactics with impunity, facing no legal consequences for violating workers' rights."
The progressive state assemblyman Zohran Mamdani, currently the frontrunner to be New York City's next mayor, brought national attention to the Teamsters' plight on Monday.
"One of the most powerful corporations in the history of the world is firing unionized drivers in Queens," Mamdani wrote on X. "Solidarity with the Teamsters who rallied today against these unjust layoffs and to demand good faith negotiations."
Several Democratic members of the House of Representatives from New York, including Jerry Nadler and Alexandria Ocasio-Cortez, issued their own statements of solidarity, as did Republican Mike Lawler.
"Any company that denies workers the right to choose [collective] bargaining rights, including Amazon, should be confronted," Lawler said. "Unions are the backbone of this country. They helped build this country. And they damn well will ensure we have a strong and secure country moving forward."
Nadler added that he stood "with Amazon Teamsters as they rally in Queens today to hold Amazon accountable for its unlawful anti-union activity."
"Amazon," he said, "stop union busting and start bargaining a fair contract now!"
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