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Sanders Pushes Wealth Tax Amid Opposition from Newsom, Business Leaders

2/18/2026

40 9 Full Breakdown

Summary

Story summary

In California, Senator Bernie Sanders rallys support for a wealth tax, urging voters to tax billionaires for fairness.
Governor Gavin Newsom and business leaders mobilize against the tax, arguing it would hinder innovation.
Sanders plans a Los Angeles rally as opponents fund ads and explore alternative ballot measures.
A health care workers’ union has until April to gather nearly 900,000 signatures to place the tax on the November ballot.

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Story summary

In California, Senator Bernie Sanders rallys support for a wealth tax, urging voters to tax billionaires for fairness.
Governor Gavin Newsom and business leaders mobilize against the tax, arguing it would hinder innovation.
Sanders plans a Los Angeles rally as opponents fund ads and explore alternative ballot measures.
A health care workers’ union has until April to gather nearly 900,000 signatures to place the tax on the November ballot.