2026 California governor race
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Top Democrats battle over California's proposed billionaire tax
Vinod Khosla warned that the state's top wealth creators will leave due to the measure.
The measure would affect roughly 200 of California's billionaires, with the money going to cover federal Medi-Cal cuts.
Sen. Bernie Sanders and Rep. Ro Khanna are rallying in California in support of an initiative that would place a one-time, 5% tax on the wealth of billionaires in the state.
Steve Hilton and Xavier Becerra clash in California governor's race debate
Both Becerra and Hilton said they would oppose the billionaire tax proposal, a November ballot measure that would levy a one-time 5% tax on California residents worth more than $1bn.
Steve Hilton is a former Fox News host endorsed by Donald Trump.
Xavier Becerra is a former congressman who served as health and human services secretary during the Biden administration.
CNN California governor debate between Becerra and Hilton
Hilton said California spends nearly the highest amount in the entire country on education for some of the worst results.
Hilton opposes the billionaire wealth tax and said the initiative would drive tax revenue out of the state.
Trump has endorsed Steve Hilton.
“Before we pass a child on, we’re making sure that they are at grade level. We have to provide the tutoring that they need. We have to start earlier. We’ve started transitional kindergarten, which gets a 4-year-old into our schools. But too often when they’re one, two and three years of age, they’re not being prepared to get into our school system. So I would fight to make sure that we’re working with our teachers because they’re the most important people that will make sure their success for this child,”