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Top Democrats battle over California's proposed billionaire tax

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Bernie Sanders and Ro Khanna rally for California Proposition 40 billionaire tax amid Democratic split

Sen. Bernie Sanders and Rep. Ro Khanna are campaigning in California for Proposition 40, a ballot initiative that would impose a one-time 5% wealth tax on the state's approximately 200 billionaires. The measure has divided Democrats, with wealthy tech figures like Google cofounder Sergey Brin spending over $100 million in opposition.

Oct 3, 2026·5 sourcesEconomic inequalityWealth taxationCalifornia politicsDemocratic Party divisions
Bernie Sanders and Ro Khanna rally for California Proposition 40 billionaire tax amid Democratic split
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