SCC Greens endors the 2026 Billionaire Tax Act
Category : Economy , Politics , tax , wealth tax
SCC Greens Endorse the CA Billionaire Wealth Tax
On Friday March 6, 2026, the Green Party of Santa Clara County Council members endorsed the 2026 Billionaire Tax Act sponsored by the Service Employees International Union – United Healthcare Workers West. (SEIU-UHW).
In October of 2025, SCC Greens endorsed Measure A with “Reservations” because despite the importance of addressing the funding gap left behind by the 2025 H.R. 1 bill, Santa Clara County’s solutions in the form of a regressive sales tax that put a burden on the very communities that are already most affected by the funding shortfall.
A wealth tax on billionaires is a far better approach to addressing this budget gap to alleviate the threat of losing essential healthcare services for families across the state.
This historic 2026 Billionaire Tax Act, planned for inclusion on the November 2026 ballot, calls on California’s billionaires to step up and pay a one-time, 5% emergency billionaire tax to prevent the collapse of California healthcare and ensure our state’s families can get the care we need.
How it works:
- Paid only by Californians worth more than $1 billion—about 200 people who together hold $2 trillion in wealth, most of which will never be taxed in their lifetimes due to loopholes in state and federal tax laws.
- Raises about $100 billion to replace lost federal dollars and protect essential services. Directs 90% of funds to healthcare and 10% to public K-14 education and state food assistance programs.
- No new taxes on the middle class, small businesses, or homeowners.
What it does for Californians:
- Keeps hospital ERs, clinics, nursing homes, and home care open and staffed in every community.
- Stabilizes premiums and coverage, so families can see a doctor when they need one.
- Protects healthcare jobs and the middle-class economy they support.
- Funds public K-14 education to keep classrooms staffed, protect programs, and ensure every child gets a quality education.
- Funds state food assistance programs to keep millions of Californians from losing access to food and support school nutrition programs.
What we want:
- Protect our fragile healthcare system from collapse so our families can get the care we need.
- Billionaires doing their part to support California and contribute to the social safety nets and public infrastructure that enabled their wealth accumulation.
- A state with a strong middle class where everyone can thrive.
