THE LATEST THREAT: Prop 40, a Wealth Tax on Everyone
The Politicians and Special Interests Squandered a $100 Billion Surplus. Now, With Prop 40, They Want a Wealth Tax on Everyone.
Why do politicians and special interests always want to raise taxes but never want to balance budgets or deal with waste, fraud or out-of-control spending?
The politicians and special interests squandered a $100 Billion surplus. Now with Prop 40, they want to create a Wealth Tax on everyone.
Californians pay the highest gas taxes, state sales taxes, and income taxes in all 50 states. But what are we getting for that money?
In the last five years, Sacramento blew through a $100 billion surplus on a reckless spending spree. Now we face a $30 billion structural deficit – worse than the Great Recession.
Now, Prop 40, the so-called “Billionaires Tax,” is on the 2026 ballot, proposing an unprecedented wealth tax that would really tax EVERYONE
Instead of fixing the real problem of waste, fraud, and out of control spending, politicians and special interests are pushing nearly $120 billion in new and higher taxes, including Prop 40’s wealth tax, to bail out their reckless budgets and drive California’s cost of living even higher.
"California doesn’t have a revenue problem. We have a spending problem. Prop 40 does nothing to fix that."
-Rob Lapsley, California Business Roundtable
Join the coalition urging politicians to oppose any new state taxes until they fix California’s massive waste, fraud and out of control spending.
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California doesn’t have a revenue problem. We have a spending problem.