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Politics · August 3, 2026

California Democratic Party backs billionaire tax despite internal opposition

Confidence 70%
Spin 25%
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Neutral Summary

The California Democratic (CADEM) Party on Sunday announced that it backs a ballot measure to charge the state’s 200 billionaires with a one-time, five-percent tax on their net worth, a measure that has faced opposition from California Democrats, including the state's governor. T

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