July 6, 2026

Tech billionaires pour $120M into killing California’s wealth tax

person using black smartphone with pink case
Amélie Mourichon / Unsplash

Silicon Valley’s wealthiest are spending heavily to stop California’s proposed billionaire tax, according to a Business Insider tally of campaign filings. Opponents have poured more than $120m into sinking or blunting the measure, roughly four times...