California Billionaire Tax Act Proposed: $100B Revenue Source Could Offset H.R. 1 Healthcare Cuts
A proposed California Billionaire Tax Act would generate up to $100B in state revenue, explicitly framed as a response to H.R. 1 stripping $100B from CA healthcare over 5 years.
If enacted, this could be the largest single state-level funding source to offset federal Medicaid cuts. The proposal faces significant political opposition but represents the most ambitious state counteroffensive to federal cuts yet proposed.
Part of
- State health elections and ballot measures
Proposition 40 and the competing tax measures
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FQHC Talent. (2026, April 4). California Billionaire Tax Act Proposed: $100B Revenue Source Could Offset H.R. 1 Healthcare Cuts. Source: CalMatters. Retrieved September 28, 2026, from https://www.fqhctalent.com/intel/ca-billionaire-tax-act-100b-healthcare
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