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California’s proposed billionaire tax gains majority support in new poll, with a partisan split on voter ID

A new poll shows California voters are sharply divided over two brewing statewide ballot measures stirring up the nation’s partisan and economic divides: a one-time tax on billionaires to pay for mostly healthcare and a voter ID mandate that includes citizenship verification.

The survey conducted by UC Berkeley’s Institute of Governmental Studies and co-sponsored by The Times showed 52% of registered voters supported the billionaire’s tax, while 33% said they opposed it. Fifteen percent were undecided.

Support for the voter ID measure was more evenly split, with 44% of voters in support, 45% opposed and the remainder undecided.

The pair of statewide proposals, which have yet to qualify for California’s November ballot, emanated from opposite sides of California’s political spectrum. Organized labor and progressives are pushing hard for a new wealth tax in response to Republican cuts to federal healthcare programs, and the GOP-led call for additional voter restrictions comes in the wake of President Trump’s baseless claims that the 2020 election was stolen from him.

Poll director Mark DiCamillo said he “was a little surprised” by the results given how much attention each measure has already received.

“Just from reading the press accounts of these initiatives, I thought they would both be well ahead. There’s been a lot of discussion about them and advocates seem to be very confident in their chances of passage, but the polls seem to indicate otherwise,” he said.

The divisions over each measure fell largely along partisan and ideological lines.

On the billionaire’s tax initiative, 72% of Democratic voters said they would support the measure if the election were held today — and the same percentage of Republicans oppose it. A slim majority — 51% — of voters who are unaffiliated or registered with another party support the wealth tax, while 30% said they oppose it, with the remainder undecided.

Republican voters overwhelmingly support the voter ID initiative, with 91% saying they would vote for it. More than two-thirds of Democratic voters, 68%, said they would oppose the measure. No party preference voters appeared evenly split.

Neither ballot measure has officially qualified for the November ballot thus far, though proponents of the voter ID measure said this month that they turned in 1.3 million voter signatures to elections officials, well above the 875,000 required to qualify. Proponents of the new tax on billionaires have until June 24 to submit signatures to elections officials.

The billionaire tax has generated national news coverage and widespread debate over whether it would benefit low-income Californians or end up hurting the state’s tax base as billionaires move out of the state to avoid paying it.

The proposal is backed by the Service Employees International Union-United Healthcare Workers West, which represents 120,000 workers in California. Union leaders say that the tax would raise $100 billion to backfill steep cuts to federal healthcare programs under a sweeping tax and spending bill approved by the Republican-controlled Congress and signed in the summer by Trump.

The measure would impose a one-time 5% tax on the assets of California residents who are worth $1 billion or more, with options to pay it over multiple years.

According to SEIU-UHW, the new tax would apply to around 200 people in the state, though several wealthy tech leaders have made moves to change their residences and avoid paying the tax should it pass. In recent months, Meta Chief Executive Mark Zuckerberg, Google co-founders Larry Page and Sergey Brin and others have bought up lavish beachfront estates and new commercial office spaces in South Florida.

Some of those billionaires are also ponying up to defeat the measure. Brin, who according to Forbes is the world’s third-richest person, has contributed $45 million to a new ballot measure committee called Building a Better California, which is pushing an alternative statewide ballot measure that could scrap the billionaire’s tax.

Brandon Castillo, a veteran ballot measure campaign strategist who is not working on either of the two measures, said even though it’s currently polling above 50%, the billionaire’s tax is starting out “in a really shaky position.”

“This is not a very strong place to start,” he said. “That’s not to say they can’t keep this thing over 50%, but when you’re starting just barely above 50% and you have a tsunami of money and a huge campaign against you, it’s really hard to keep yourself at that level.”

Though previous public opinion polls at the state and national levels have shown broad support for requiring proof of citizenship to vote in elections, even among Democrats, the new Berkeley poll showed liberal voters are skeptical of the measure.

Proponents of voter ID contend that such laws prevent election fraud and, along with proof of citizenship mandates, prevent noncitizens from voting. Opponents say ID requirements threaten the fundamental constitutional rights of Americans who do not have the documentation readily available, and that the restrictions are unnecessary given that voting by noncitizens is rare and already outlawed in the U.S.

Under current law, Californians are not required to show or provide identification when casting a ballot in person or by mail. They are required to provide identification when registering to vote, and must swear under penalty of perjury, a felony, that they are eligible to vote and a U.S. citizen.

The poll showed that slim majorities of predominantly Spanish-speaking voters, voters who were born in another country and first-generation immigrants support the voter ID measure. A plurality of Latino voters also favor it, with 44% in support and 41% opposed.

But DiCamillo cautioned against reading too much into those numbers, noting that awareness of the measure is still relatively low.

“I’ve always seen in my history of measuring Latino voters’ support that they are relatively late deciders on most ballot measures,” he said. “How they break will be critical. I would say we’ll have to look at how they feel when we do our final preelection poll.”

Voter ID laws are also a top priority of Trump, who has pressured the Senate into taking up the SAVE Act, which would impose nationwide requirements for proof of citizenship to vote and already has passed the House of Representatives.

Castillo said Trump’s support could sway Democratic and liberal-leaning independents to vote against the measure.

Both DiCamillo and Castillo noted that with the November election still seven months away, voters are not paying much attention and those on either side of each ballot measure have not launched major campaigns yet.

“I suspect by the time election day comes around, these awareness numbers on the billionaire’s tax certainly are going to be much higher,” Castillo said. “You’re going to see 80-90% of voters familiar with it, just because they’re going to be inundated with advertising and earned media between now and November.”

The Berkeley IGS/Times poll surveyed 5,019 registered California voters online in English and Spanish from March 9 to 14. The results are estimated to have a margin of error of 2.5 percentage points in either direction in the overall sample, and larger numbers for subgroups.

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Long-serving Democrat Jim Clyburn of South Carolina will run for an 18th term in Congress

U.S. Rep. Jim Clyburn, the dean of South Carolina’s Democrats, said Thursday that he will run for an 18th House term, a move that could position him as an influential elder statesman in Congress if his party regains the majority in November.

The decision by the 85-year-old lawmaker cuts against calls for generational change within the party. Clyburn is one of several veteran Democrats running again instead of stepping aside for younger politicians whose frustration increased in the wake of President Biden’s failed reelection campaign.

“I’m here today to say I do believe that I’m very well equipped and healthy enough to move into the next term, trying to do the things that are necessary to continue that pursuit of perfection,” Clyburn said at state party headquarters in Columbia. “And so I will run a very vigorous campaign.”

Clyburn is among the oldest Democrats serving in Washington, and the only member of the last Democratic leadership team who is looking to stick around. Former Speaker Nancy Pelosi of California and former Majority Leader Steny Hoyer of Maryland both plan to retire at the end of their current terms.

Clyburn said that he sought counsel from his three daughters before making his announcement. One of them — Mignon Clyburn, a former member of the Federal Communications Commission — said she was concerned about the political vitriol that her father would face in Washington.

“Her interest was in her daddy and what she thought I might be subjected to,” Clyburn said. “When Mignon finally had decided that she could live with it, I’m here.”

Clyburn said he heard from another woman that “‘we don’t listen to them people up there, and you should not. You should listen to the people down here, and we don’t want you to leave.’ And so I’m responding to the people that are here.”

Clyburn served as majority whip and assistant Democratic leader. Remaining in Congress for another term could give him a chance to serve alongside the first Black speaker of the House as Rep. Hakeem Jeffries of New York is in line for the gavel should Democrats win control. Clyburn for many years was the highest-ranking Black lawmaker in the House.

On Thursday, asked about the prospect of being able to advise Jeffries, Clyburn said the two spoke recently about a possible working relationship in the next Congress.

“He expressed an interest in my being a part of his leadership, if we were to take the House back,” Clyburn said. “It made me feel necessary.”

Four years ago, when Clyburn announced his bid for a 16th term, he told the Associated Press that he intended to keep campaigning as long as his health and support from his family remained stalwart.

“I’ve told them, if you ever see that I need to go to the rocking chair or spend my spare time on the golf course, let me know,” he said describing his daughters’ counsel.

Clyburn won his 2024 reelection by more than 20 percentage points. First elected in 1992, he represents the district that sweeps from areas around the capital of Columbia through rural central and eastern counties down to Charleston.

Should he serve an 18th term, Clyburn would become the longest-serving South Carolinian ever in the U.S. House. Time horizons are longer for the state’s U.S. senators, two of whom — Republican Strom Thurmond and Democrat Fritz Hollings — served 48 years and nearly 39 years, respectively.

Filing for election in this year’s elections in South Carolina opens Monday and closes March 30. South Carolina’s primary elections will be held June 9.

Whenever Clyburn does leave office, the competition to be his successor will be fierce. He is the only Democrat representing his state in Washington.

As to whether his 18th term could be his last, Clyburn called that an “open question.”

“I’m looking forward to the day that I can spend more time reading, writing and playing golf, and so this could very well be to my last term,” he said. “And it could very well not be.”

Kinnard writes for the Associated Press.

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Nedbank Wins Regulatory Approval To Take Majority Stake In Kenya’s NCBA

Nedbank is one step closer to acquiring 66% of Kenya’s NCBA, expanding East African footprint and fueling continental growth strategy.

African banking giant Nedbank continues to pursue a calculated growth strategy on the continent, receiving regulatory approval to acquire a 66% controlling stake in NCBA for $855.5 million.

The deal, while subject to the remaining conditions of the waiver and NCBA shareholder approval, would be one of the largest cross-border banking transactions in Africa’s recent history.

Driving the purchase is Nedbank’s realization that its South African home market is stagnating while other markets are hitting saturation mode, largely due to stiff competition. For this reason, the bank is taking bold steps to sustain growth and has identified the East Africa region as the next frontier.

Nedbank said in a statement that the strategic acquisition brings it “complementary strengths” to fuel its growth in East Africa, a region underpinned by expanding economies, a large and growing population, strong macroeconomic fundamentals, and the fact that there is primary trade corridor linking Africa with the Middle East, Asia, and Europe.

One of the leading lenders in Kenya, the bank would bring more than 60 million customers, $5.4 billion in assets, and leadership in asset finance, digital banking, and innovation to Nedbank. NCBA also has a presence in Rwanda, Tanzania, and Uganda, and offers digital banking services in Ghana and the Ivory Coast. This would expand Nedbank beyond its presence in Eswatini, Lesotho, Mozambique, Namibia, South Africa, and Zimbabwe 

By combining the two banks, Nedbank is building a “compelling platform for sustainable growth in the region,” said Jason Quinn, Nedbank Group CEO. The transaction is pending regulatory approval and is expected to close later in the year.

NCBA saw its profits surge by 8.5% to $127 million for the nine-month period ending September 2025. It has also delivered an average return on equity of approximately 19% since 2021. Nedbank has made it clear that the acquisition, which will see NCBA remain independently governed and retain its brand identity, is not an end in itself. Rather, it serves as a springboard for further expansions to high-potential markets like Ethiopia and the Democratic Republic of Congo. 

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