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13 items of 1594 · updated Oct 28, 2026, 3:33 PM ET
This year's state votes include billionaire taxes, trans rights, abortion and voting rights, and at least $400 million has been spent on TV ads for ballot initiatives this cycle.
Billionaires are fighting the Prop 40 California wealth tax; the New York Times calls a Silicon Valley billionaire club a $333 million political ad machine engaged in next week's elections.
PA HB 1394, an Act amending the Tax Reform Code of 1971, would repeal provisions relating to inheritance tax and was referred to Finance on 2025-05-05.
Tech billionaires vastly outspend wealth tax supporters as more than $351 million in political donations has been poured into the November ballot contest about a proposed wealth tax in California.
Iowa PBS reports record-high diesel prices have hit Iowa's agriculture industry and could influence the state's competitive midterm races for governor and senator.
Who Are the Billionaires Behind the $304 Million Effort To Defeat California’s Wealth Tax?
Billionaires including Sergey Brin and Eric Schmidt are funding a $304 million effort to defeat California's Proposition 40 wealth tax measure.
Source: Capital & Main capitalandmain.com/who-are-the-billionaires-beh… (link to capitalandmain.com)
United Airlines CEO faces rightwing backlash after calling for US wealth tax
United Airlines CEO Scott Kirby faces rightwing backlash after calling for a national wealth and inheritance tax, saying wealth inequality is a danger to society.
Source: The Guardian US theguardian.com/business/2026/oct/20/scott-kirb… (link to theguardian.com)
Wealth tax backers plan an ad attacking Newsom in early presidential primary states for opposing Proposition 40, which would impose a 5% tax on California billionaires' assets.
United Airlines CEO Scott Kirby faces rightwing backlash after calling for a national wealth and inheritance tax, saying wealth inequality is a danger to society.
California voters will decide Prop 40, a one-time 5% tax on roughly 250 billionaires holding an estimated $2.3 trillion; supporters say it could raise up to $100 billion, about 90% toward healthcare.