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.
Primary source
CalMattersFQHC Talent. (2026, April 4). California Billionaire Tax Act Proposed: $100B Revenue Source Could Offset H.R. 1 Healthcare Cuts. Primary source: CalMatters. Retrieved April 28, 2026, from https://www.fqhctalent.com/intel/ca-billionaire-tax-act-100b-healthcare
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