Lawyer: Billionaire tax could cost California $1 trillion

Several wealthy individuals have fled California, according to one attorney who advises high-net-worth clients, all to avoid a proposed billionaire tax. This move could cost the state over $1 trillion in lost tax revenue, raising questions about the potential fallout for California’s economy.

Lawyer: Billionaire tax could cost California $1 trillion

Republican candidates for governor clash over sales tax increases in first debate

Four Republican candidates for South Dakota governor exchanged sharp words in their first 2026 debate, highlighting a proposed hike in the state’s sales tax from 4.2% to 4.5%. Dusty Johnson took aim at Larry Rhoden and Jon Hansen for allegedly supporting the increase, while Toby Doeden also joined the stage to share his views.