{"id":475375,"date":"2026-09-25T14:28:14","date_gmt":"2026-09-25T14:28:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/475375\/"},"modified":"2026-09-25T14:28:14","modified_gmt":"2026-09-25T14:28:14","slug":"billionaire-tax-divides-california-industry-its-meant-to-help","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/475375\/","title":{"rendered":"Billionaire Tax Divides California Industry It\u2019s Meant to Help"},"content":{"rendered":"<p>A proposal to tax California\u2019s billionaires has fractured Democratic politics, repelled some of the state\u2019s richest residents and exploded into a costly battle that\u2019s overshadowing even the gubernatorial election.<\/p>\n<p>Known as Proposition 40, the ballot measure is also dividing the very industry it\u2019s supposed to help. The healthcare-workers union behind the initiative, which would authorize a wealth tax on billionaires, says the levy would raise sorely needed funds to shore up health coverage.<\/p>\n<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/09\/1790346494_119_.jpeg\" data-size=\"embedded\"\/>  <\/p>\n<p>Kirsty Chartier, an RN clinical supervisor in labor &amp; delivery shares an anecdote with Dr. Elaine Batchlor about a recent event in the maternity care unit at Martin Luther King Jr. Community Hospital in Los Angeles.<\/p>\n<p>Photographer: Anna Sophia Moltke\/Bloomberg<\/p>\n<p>By contrast, leading California hospital and doctor groups are opposing the measure ahead of the November vote. They say the one-time 5% levy on the &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"A proposal to tax California\u2019s billionaires has fractured Democratic politics, repelled some of the state\u2019s richest residents and&hellip;\n","protected":false},"author":2,"featured_media":475376,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[186840,12875,7,9,8,127147,6807,57924,1281,168613,36431,13438,186841],"class_list":["post-475375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-access-to-healthcare","tag-ballot-initiatives","tag-california","tag-california-headlines","tag-california-news","tag-employee-health-benefits","tag-federal-budget","tag-federal-tax","tag-hospitals","tag-medicaid-eligibility","tag-physicians","tag-state-budget","tag-uninsured-patients"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/475375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=475375"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/475375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/475376"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=475375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=475375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=475375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}