The Damage Report
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Republicans Go FULL PANIC Over Billionaire Tax As Argument Instantly Unravels
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March 1, 2026
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6:09Now PlayingRepublicans in Congress are going into full panic with the worst possible arguments in an effort to help terrified billionaires avoid the proposed wealth tax meant to assist in funding healthcare following the Trump administration cuts. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Republican Unveils Bill to Let Billionaires Escape Proposed Wealth Tax in California
"As Sen. Bernie Sanders barnstorms California to champion a proposed wealth tax on billionaires, a Republican congressman has joined the tech and crypto tycoons trying to stop the proposition in its tracks.
Service Employees International Union (SEIU) United Healthcare Workers West, the union that launched the effort, is currently working to gather nearly 900,000 signatures by April get the proposal on the ballot.
‘This Is Not a Drill’: Ad Promoting California Billionaire Tax Airs During Olympics
If they’re successful, Californians will have the chance to vote this November for a one-time 5% tax on people in the state with more than $1 billion, which is projected to raise about $100 billion over the next few years to support healthcare spending gutted by President Donald Trump."
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