California’s Billionaire Tax Divide | Venice Beach News

Venice Beach News Today | 2 Min News | The Daily News Now! · Aug 14, 2026 · 1m

California’s progressive heart is cracking over a billionaire tax ballot measure, as even top Democrats like Governor Newsom oppose it, fearing financial harm. While Bernie Sanders backs it, Elizabeth Warren pushes for federal action, and billionaire Tom Steyer, though supportive, won’t fund it. The measure faces stiff resistance from key figures who argue it’s flawed and could favor one union, amid broader challenges like voter ID laws and local tax hurdles. Despite endorsements from labor groups, the lack of unity reveals a deeper struggle for a statewide progressive leader — and a reality…