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A supporter with the Billionaire Tax Now coalition hold a placard during a media briefing in Los Angeles on April 27, 2026. Frederic J. Brown/AFP via Getty Images
Last week, the Service Employees International Union (SEIU) announced that it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax on California’s November ballot. The initiative is called the 2026 Billionaire Tax Act.
Aaron Withe is CEO of the Freedom Foundation, a nonprofit organization dedicated to protecting workers’ rights and advancing employee freedom across America.
