Top Democrats Battle Over California Billionaire Tax

“Sen. Bernie Sanders and Rep. Ro Khanna are heading to California to rally Saturday in support of an initiative that would place a one-time, 5% tax on the wealth of billionaires in the state,” ABC News reports.

“Their efforts to barnstorm the state come as early voting begins, and millions of dollars have been spent to kill the initiative.”

“The measure would affect roughly 200 of California’s billionaires, with the money going to cover federal Medi-Cal cuts. Gov. Gavin Newsom has become its most prominent opponent, arguing that the tax could be dodged by billionaires who could leave the state for another.”