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SEIU Pushes Proposition 40 to Add 5% Asset Tax

By Drooid · Sep 11, 2026, 6:00 PM UTC · How we work

Summary

Story summary

The SEIU-United Healthcare Workers West is spearheading Proposition 40, a one-time 5% tax on assets over $1 billion.
Tax revenue would primarily fund California health-care programs as federal cuts loom.
Opponents include the California Teachers Association, Professional Firefighters, Building and Construction Trades Council, and wealthy Californians.
SEIU-UHW president Dave Regan warns federal health-care cuts beginning Jan 1 2027 will collapse California’s system.

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Story summary

The SEIU-United Healthcare Workers West is spearheading Proposition 40, a one-time 5% tax on assets over $1 billion.
Tax revenue would primarily fund California health-care programs as federal cuts loom.
Opponents include the California Teachers Association, Professional Firefighters, Building and Construction Trades Council, and wealthy Californians.
SEIU-UHW president Dave Regan warns federal health-care cuts beginning Jan 1 2027 will collapse California’s system.