GOP Lawmaker Throws a Wrench in California’s Wealth Tax Plans

California’s proposed wealth tax is already on shaky ground, and now it’s about to get a lot weaker. A GOP lawmaker is introducing a measure to block a key element of the tax, which could have big implications for the state’s wealthy residents.

The ‘Keep Jobs in California Act of 2026’ is a direct response to the state’s proposed wealth tax

Kiley’s bill would prohibit any state from levying taxes retroactively on people who no longer live there. It’s a clever move, and it won’t take long to figure out who this law is really designed to protect – California’s rich and famous who don’t want to pay up. Don’t expect this to go down without a fight, though. It’s about to get ugly in Sacramento.