Business

California Considers Billionaire Tax

Updated 2026-07-17 15:25 UTC 2 sources Neutral

California is considering a billionaire tax to generate quick revenue. While it could provide immediate funds, the long-term economic impact on the wealthy remains uncertain.

Coverage timeline — 2 articles

CNBC

California's billionaire tax: What's at risk for the biggest state economy in America

California's billionaire tax would generate quick revenue, but Norway's example shows the longer-term economic impact of targeting the wealthy is unclear.

2026-07-17 15:02 UTC

MarketWatch

Why Trump’s speech on U.S. elections could be bad for markets

The president focused in part on accusing China of “sinister election meddling” in 2020.

2026-07-17 15:06 UTC