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Billionaire Tom Steyer Says He'd Vote for California Wealth Tax
News January 27, 2026 at 02:42 PM
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What You Need To Know
- The candidate for governor said he'd vote for the one-time 5% tax on billionaire wealth if it reaches the November ballot.
- If the proposal passes, Steyer could be facing a more than $237 million tax bill.
- Steyer has staked his gubernatorial campaign on closing corporate tax loopholes and decrying the rich.
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