By Seema MehtaLos Angeles Times(TNS)LOS ANGELES — Sen. Bernie Sanders, a political hero among liberals and populists, next week will formally kick off the campaign to place a new tax on billionaires on California’s November ballot. The tax proposal, which Sanders previously endorsed on social media, is proposed by the Service Employees International Union-United Healthcare Workers West. Supporters of the tax argue it is one of the few ways the state can backfill major federal cuts to healthcare services for California’s most vulnerable residents. More than 200 billionaires in Californians would be affected if the proposal qualifies for the ballot and is approved. Both men were major supporters of President Donald Trump.

Source: Los Angeles Times February 10, 2026 18:28 UTC