Dave Regan

California's Proposition 40, a proposed 5% wealth tax on billionaires that supporters say would raise $100 billion over five years for healthcare, would actually generate closer to $40 billion and cou…

The California Democratic Party endorsed Proposition 40, a proposed one-time 5% tax on California's roughly 200 billionaires estimated to raise about $100 billion over several years, breaking with Gov…

A union-backed proposal to impose a one-time 5% tax on California billionaires to fund healthcare has officially qualified for the November ballot after Gov. Gavin Newsom and his allies failed to brok…