Institute on Taxation and Economic Policy (ITEP)

March 25, 2026

USA Today: Californians Want To Tax Billionaires. They’re Threatening To Leave.

Media Mention

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Carl Davis, research director at the Institute on Taxation and Economic Policy, predicts the number of billionaires who might leave California over the billionaire tax “will be greater than zero, but still very, very small.”

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Quoted Staff Member

Carl Davis
Carl Davis

Research Director