Why Even Some Democrats Hate California’s Billionaire Tax Proposal

A landmark proposal for a one-time tax on billionaires in California recently reached a milestone. The labor union backing it said it had collected enough signatures to put the measure on the state’s ballot.

Laurel Rosenhall, who covers California politics for The New York Times, explains how the state arrived at this moment and what it might mean nationwide.

Guest: There are enough signatures to place the California billionaire tax proposal on the state ballot in November, its backers say.

Background reading: 

Photo: Jae C. Hong/Associated Press

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

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