We’ve made a lot of noise about California’s Proposition 40 over the last few months. But today, with just two weeks to go until the election, we’ve turned up the volume big time and released two products—an open letter and a poll—in support of the one-time tax on Golden State billionaires.
A Closer Look: The Critical Role of Consistency in Tax Policy Advocacy
It appears some of our allies have taken a liking to the Swiss cheese tax code that Trump and Republicans made worse with their 2025 tax law. As for us, we like to think we have a sharper palate.
A YouGov poll on California millionaires found support among the group for raising taxes on the wealthy, including majority support for Prop 40, the one-time, 5% tax on billionaires.
A Closer Look: No Tax on Everything—The Tax Mess Trump Has Left Us
I wanted to take the pen for this week’s Closer Look to share a piece that I wrote for my Substack last month in support of the Working Americans’ Tax Cut Act. I designed this legislation as the second part of the Patriotic Millionaires’ legislative platform, The MONEY Agenda.
