California billionaire tax secures enough signatures to make ballot
The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.
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The measure would impose a one-time, 5% tax on the state's roughly 200 billionaires to fund public programs.
California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative Analyst's Office.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
California Gov. Gavin Newsom suggested withholding the state's taxes amid reports the Trump administration may cut funding for the state's universities.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
The Los Angeles Dodgers topped a record nine teams owing Major League Baseball's luxury tax this year with an unprecedented $103 million penalty.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing cutting 10,000 vacant state jobs and suspending some widely used business tax deductions.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
Owner of Facebook and Instagram could bar users in the state from sharing news over bill requiring tech companies to pay news publishers.
Filing tax returns can be a slog, but the majority of individual federal taxes are paid by a small slice of Americans.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
The Democratic-controlled House Ways and Means Committee released six years of former President Donald Trump's tax returns, ending Trump's years-long legal battle to keep them secret. Meanwhile, the Jan. 6 committee has released another round of witness transcripts. Scott MacFarlane reports.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
After a long legal fight, a House panel investigating the former president on Friday released new details of his tax returns.
Anyone getting paid for their goods and services through apps like Venmo or Etsy just got a reprieve from the Internal Revenue Service.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Monday marks the deadline for Angelenos to get their taxes filed or request an extension. Kara Finnstrom reports.
Mark Steber, Chief Tax Information Officer of Jackson Hewitt, joined the studio to discuss tax season, the looming deadline to pay taxes, and how to avoid all the potential penalties if you're rushing to file your own taxes before Monday's deadline.
Real estate developer Rick Caruso said he paid more than $1.6 million in personal income taxes over the last five years, but he will not release his full tax returns.
The U.S. Coast Guard says that the human-caused fire was possibly started by flares from a stranded boater, who was rescued from the island on Friday when the fire was first reported.
"Single-pole beach umbrellas are the only shade structures permitted on city beaches, except within designated canopy zones," the City of Laguna Beach wrote on social media.
The Los Angeles Police Department said it has started a child abuse investigation, but officers have not detained the parents.
A San Bernardino County woman was shocked to discover that what appeared to be someone else's ashes were already being stored inside of an urn she had ordered from Amazon for her late husband's ashes.
Gabriela Gonzalez, her father and her then-boyfriend are accused of trying to hire a hitman to kill singer Jack Avery, the father of her 7-year-old daughter.
The Ventura County Fire Department said overnight, firefighters were able to make significant progress due to the favorable weather and cooler temperatures.
The U.S. Coast Guard says that the human-caused fire was possibly started by flares from a stranded boater, who was rescued from the island on Friday when the fire was first reported.
Three people were killed in a shooting at the Islamic Center of San Diego, and two suspected shooters were found dead inside a vehicle nearby, police said.
"Single-pole beach umbrellas are the only shade structures permitted on city beaches, except within designated canopy zones," the City of Laguna Beach wrote on social media.
The Los Angeles Police Department said it has started a child abuse investigation, but officers have not detained the parents.
The U.S. Coast Guard says that the human-caused fire was possibly started by flares from a stranded boater, who was rescued from the island on Friday when the fire was first reported.
"Single-pole beach umbrellas are the only shade structures permitted on city beaches, except within designated canopy zones," the City of Laguna Beach wrote on social media.
The Los Angeles Police Department said it has started a child abuse investigation, but officers have not detained the parents.
Gabriela Gonzalez, her father and her then-boyfriend are accused of trying to hire a hitman to kill singer Jack Avery, the father of her 7-year-old daughter.
The project called TREEAMS brings together students from Altadena, Pasadena, Pacific Palisades, and Malibu.
"Single-pole beach umbrellas are the only shade structures permitted on city beaches, except within designated canopy zones," the City of Laguna Beach wrote on social media.
The new 3,700-gallon tank will help water-dropping helicopters quickly refill and return to dousing any wildfires in the area.
Disturbing video showing a dog chained up in the back of a pickup truck on the 5 Freeway in Southern California has sparked a call to action to help the pup find a new home.
The Tustin Police Department says Juan Marquez, 47, waited outside Sandra Fernandez's workplace before fatally shooting her.
There are beach hazards and high surf advisories throughout Southern California's coast, and a red flag warning for the Antelope Valley this weekend.
A San Bernardino County woman was shocked to discover that what appeared to be someone else's ashes were already being stored inside of an urn she had ordered from Amazon for her late husband's ashes.
A brush fire has burned more than 600 acres and prompted evacuation orders and warnings for people living near Hemet.
The blaze was reported sometime before 11:30 a.m. and has since grown to engulf more than 900 acres near Jurupa Valley.
Los Angeles-area law enforcement agencies have announced that they will increase patrols around mosques and other houses of worship on Monday after a shooting at the Islamic Center of San Diego left five people dead, including the two alleged gunmen.
A Long Beach man was arrested in connection with a deadly hit-and-run crash that killed a 57-year-old woman in Riverside County over the weekend.
"These subjects did not discriminate in who they hated," said Mark Remily, special agent in charge of the FBI's San Diego Field Office.
The imam of a San Diego mosque that was targeted in Monday's shooting told CBS News that his community has seen a rise in "Islamophobia and anti-Muslim sentiment" in recent years.
A security guard who was among the victims killed in a shooting at the Islamic Center of San Diego is being hailed for his heroism and bravery during the attack.
Three people were killed in a shooting at the Islamic Center of San Diego, and two suspected shooters were found dead inside a vehicle nearby, police said.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
President Trump had accused the Treasury Department and IRS of unlawfully allowing a government contractor to leak his tax returns and those of his sons and company.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
Sens. Tammy Duckworth of Illinois and Tammy Baldwin of Wisconsin say their concern is there may be more emergency exit doors than flight attendants in the event of an evacuation.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Los Angeles County health officials on Saturday confirmed the fifth measles case of the year in an international traveler who arrived at Los Angeles International Airport earlier in the week.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
California public health officials said on Wednesday that they have identified a fifth resident who may have been exposed to the Andes hantavirus due to the outbreak on the MV Hondius cruise ship.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
Voters in California may soon decide on a ballot measure that seeks to help the state's middle class afford to buy a home, by establishing a $25 billion loan program that would provide down payment assistance.
Some Trader Joe's shoppers will get a payout after a lawsuit alleged that the retailer's customer receipts put shoppers at risk of ID theft.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
More than a dozen cities and counties across California were given a "final warning" from state officials Wednesday, saying they have failed to properly plan for additional new homes amid the state's lack of affordable housing.
Athletics starter J.T. Ginn took a no-hitter into the ninth inning Monday night before Adam Frazier lined a leadoff single for the Los Angeles Angels and Zach Neto crushed a two-run walk-off homer to secure the unlikely 2-1 win.
The San Diego Padres snapped the Los Angeles Dodgers' five-game winning streak with a 1-0 victory.
The Los Angeles Dodgers have signed veteran reliever Jonathan Hernández and optioned reliever Chayce McDermott back to the minors after one appearance.
Hany Mukhtar scored three goals, his first hat trick since 2023, and Nashville SC beat Los Angeles FC 3-2.
Sunday's win at Aronimink Golf Club in Newtown Square, Pennsylvania, is only his second PGA tour victory, after winning the 2024 Wyndham Championship.
René Cárdenas, the first Spanish-language broadcaster for the Los Angeles Dodgers, Houston Astros and Texas Rangers during a 60-year career, has died.
Spencer Pratt has said he was compelled to launch his unlikely mayoral run after his home was destroyed in last year's devastating Los Angeles wildfires.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
Extra security is in place at the Islamic Center of Southern California in Koreatown following Monday's deadly attack in San Diego.
Los Angeles-area law enforcement agencies have announced that they will increase patrols around mosques and other houses of worship on Monday after a shooting at the Islamic Center of San Diego left five people dead, including the two alleged gunmen. Jeff Nguyen reports.
Parents at a North Hollywood elementary school are concerned about reports of a mother being detained by federal agents near the campus. Luzdelia Caballero reports.
As a massive 17,000-acre brush fire continues to burn on Santa Rosa Island in the Channel Islands, U.S. Coast Guard officials say that the blaze may have been caused by flares from a stranded boater. Mike Rogers reports.
LAPD officers said they found a 4-year-old boy dead inside a hot car in a Valley Village neighborhood.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
