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Sanders Proposes Billionaire Tax for Healthcare Amid Opposition

3/11/2026

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Summary

Story summary

Sen. Bernie Sanders (I-Vt.) launched a California billionaire tax on February 18 to fund healthcare for the state's neediest.
A competing proposal seeks to nullify the tax.
Signature collection for both proposals is underway.
Supporters include SEIU-United Healthcare Workers West.
Opponents include Gov. Gavin Newsom, who warns the tax could harm the economy.

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Story summary

Sen. Bernie Sanders (I-Vt.) launched a California billionaire tax on February 18 to fund healthcare for the state's neediest.
A competing proposal seeks to nullify the tax.
Signature collection for both proposals is underway.
Supporters include SEIU-United Healthcare Workers West.
Opponents include Gov. Gavin Newsom, who warns the tax could harm the economy.