Story perspectives

Silicon Valley Titans Challenge Ro Khanna's Wealth Tax

1/8/2026

Summary

Story summary

Silicon Valley billionaires and tech executives are considering a challenge to Rep. Ro Khanna (D-Calif.) over his wealth tax proposal.
Khanna defends the tax, which funds programs, despite backlash from tech leaders warning it could drive jobs away.
Some executives, including Ron Conway, are organizing efforts to defeat the tax.
Khanna's campaign funds and South Asian district support create hurdles for challengers such as Ethan Agarwal contemplating a House bid.

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Story summary

Silicon Valley billionaires and tech executives are considering a challenge to Rep. Ro Khanna (D-Calif.) over his wealth tax proposal.
Khanna defends the tax, which funds programs, despite backlash from tech leaders warning it could drive jobs away.
Some executives, including Ron Conway, are organizing efforts to defeat the tax.
Khanna's campaign funds and South Asian district support create hurdles for challengers such as Ethan Agarwal contemplating a House bid.