California Union Head Campaigns for Billionaire Tax, Enlists Senator Sanders
The latest in this situation
How it started
What happened
Dan Regan, head of a healthcare-workers union, is campaigning for Proposition 40, a measure to impose a tax on billionaires in California. Regan states the tax is needed to cover roughly $100 billion in federal healthcare funding that California expects to lose. He is enlisting allies, including Senator Bernie Sanders, to support the measure, which faces opposition from Governor Gavin Newsom and his likely successor, Xavier Becerra.
From wealthmanagement.com
Why it matters
The campaign is pushing for a first-in-the-nation wealth tax, which Regan sees as a potential springboard for national wealth-tax campaigns. The measure is intended to address projected state funding shortfalls in healthcare services.
From wealthmanagement.com
Who's involved
- Gavin NewsomGovernor who opposes the billionaire tax measure
- Bernie SandersSenator enlisted by Dan Regan as a political ally
- Dan ReganUnion head leading the campaign for the billionaire tax
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- California Department of FinanceSpeculative
The California Department of Finance could see its funding and budget mandate materially changed by the potential $100 billion revenue stream.
How it developed
Newest first. Tap a step to see who reported it.- SEIU-United Healthcare Workers West, led by Dave Regan, ran ballot measures in California.Sub-event
Union head campaigns against Governor's opposition; Regan enlists Sanders.1 source
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The entities involved
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Gavin Newsom
40th governor of California since 2019
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Bernie Sanders
United States Senator from Vermont
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Dan Regan
American musician
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