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California considers billionaire tax: State divided on proposal

18 February 2026
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California considers billionaire tax: State divided on proposal
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Karen Sanchez, a healthcare worker in Antelope Valley, California, is concerned about the impact of President Trump’s OBBBA on patients like S, who has Down syndrome. The act requires more frequent eligibility paperwork for Medi-Cal, potentially putting vulnerable patients at risk. A proposed billionaire tax to offset federal funding cuts has sparked debate, with tech billionaires considering relocating. Governor Newsom is cautious about the tax, as California faces a budget deficit. Sanders is launching a campaign to gather signatures for the tax ballot measure. California, with the most Medicaid recipients in the US, faces challenges in maintaining coverage for its population.

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Tags: BillionaireBusiness and EconomyCaliforniaconsidersDividedEconomyhealthNewsPoliticsPoverty and DevelopmentProposalstateTaxUnited StatesUS & Canada
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