Person
Democratic politician, former U.S. Health and Human Services Secretary and California Attorney General, now a candidate for California governor.
Dave Regan, the union leader behind California's Proposition 40 billionaire tax, says he would like a Florida vote in 2028 even if California says no. That makes wealth-tax and residency planning for the very rich a question about more than one state.
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Rutgers researchers found that 97% of the 175,000 comments on the FDA's proposed menthol ban were form letters, with only 2% unique. The Biden administration later cited that response when it postponed the rule, and the study shows how little of it was independent.
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AB 1130 gives the Fair Political Practices Commission power to fine an undisclosed paid political post $5,000 and to refer it to law enforcement. The penalty follows the creator who took the campaign's money.
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Newsom's executive order asks an expert group he has not yet named for recommendations on onsite verifiers, independently audited risk reports and a routinely tested kill switch. California has until January 2028 to certify anyone to do the testing.
Perspective Coverage
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AB 2564 cleared both chambers and then ran out the clock before the Assembly could concur, leaving California retailers with the personalized pricing rules they already had and a legislature that reconvenes December 7.
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The San Francisco Democratic Party broke with its state party 17-4 to oppose Prop 40, but the six billionaires who have already ended their California residency are the only votes on this measure that are already counted.
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Proposition 40 would take 5% once from anyone worth over $1 billion. August polling puts it at 48% among likely voters and 75% among 18-to-29s. The composition of the November electorate is the only number that decides it.
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John Doerr put in $7.5 million and Chris Larsen $10 million against a one-time 5% wealth tax. Measured against what the measure would cost them, that is cheap insurance.
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Aurora and Kodiak can now test autonomous trucks in their home state, but the April 28 rule change behind the permits is being challenged by Teamsters California in Alameda Superior Court.
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Mark Cuban and Ro Khanna spent a weekend arguing on X about California's Proposition 40. The operative question for founders is where the cash comes from.
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