ITEP found that California’s richest 1% of households are set to get a $7.3 billion tax break in 2026 thanks to OBBBA.
April 16, 2026
Oxfam: Wealth of the 10 richest California billionaires grew by nearly 50% in the last year
Institute on Taxation
and Economic Policy
ITEP is a non-profit, non-partisan tax policy organization. We conduct rigorous analyses of tax and economic proposals and provide data-driven recommendations to shape equitable and sustainable tax systems.
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