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.
Aerial footage showed a white vehicle pinned under a big rig with severe damage to the front.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
An Orange County mother appeared in court on Tuesday as she faces involuntary manslaughter and several other charges for a deadly e-motorcycle crash in which her son struck an 81-year-old man and left him with critical injuries that eventually resulted in his death in April.
Harrison Bader and Eric Haase hit back-to-back homers for the San Francisco Giants in the fifth inning, leading them to a 6-2 win over the Los Angeles Dodgers.
A homeless blogger living in Los Angeles County is hoping that her own quest to document the struggles that come with homelessness will help shine a light on the crisis as California closes in on the gubernatorial election.
Aerial footage showed a white vehicle pinned under a big rig with severe damage to the front.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
An Orange County mother appeared in court on Tuesday as she faces involuntary manslaughter and several other charges for a deadly e-motorcycle crash in which her son struck an 81-year-old man and left him with critical injuries that eventually resulted in his death in April.
A homeless blogger living in Los Angeles County is hoping that her own quest to document the struggles that come with homelessness will help shine a light on the crisis as California closes in on the gubernatorial election.
Los Angeles Police Department detectives are still looking for a hit-and-run driver who struck a woman in her 60s in the Westlake area in April, causing severe injuries.
Aerial footage showed a white vehicle pinned under a big rig with severe damage to the front.
A homeless blogger living in Los Angeles County is hoping that her own quest to document the struggles that come with homelessness will help shine a light on the crisis as California closes in on the gubernatorial election.
Los Angeles Police Department detectives are still looking for a hit-and-run driver who struck a woman in her 60s in the Westlake area in April, causing severe injuries.
UCLA women's basketball coach Cori Close is getting rewarded after guiding the Bruins to a national title.
Los Angeles Police Department detectives are seeking help from the public in locating and identifying an alleged hit-and-run driver who critically injured a pedestrian riding an e-scooter in Reseda last week.
An Orange County mother appeared in court on Tuesday as she faces involuntary manslaughter and several other charges for a deadly e-motorcycle crash in which her son struck an 81-year-old man and left him with critical injuries that eventually resulted in his death in April.
A 21-year-old from Laguna Niguel was sentenced to 25 years in federal prison for distributing fentanyl that killed two people three years ago.
A handful of teenage e-bike riders are accused of attacking a Huntington Beach man while he was walking along the city's boardwalk with his wife.
Authorities are investigating a 50-year-old Orange County man's death while he was wakeboarding on the Parker Strip of the Colorado River over the weekend.
The crash happened at around 12:10 p.m. near Fairview Street and 12th Street, according to a news release from the Santa Ana Police Department.
Two families in Southern California are mourning the loss of two best friends killed in a small plane crash in Kern County last week.
14 of those arrested were accused of being "high-risk offenders," and they included a child psychologist, a doctor, a retired law enforcement employee and two corporate vice presidents.
The 44-year-old Menifee man was found unresponsive and with significant injuries after crashing at around 11 p.m. on Saturday night near Railroad Canyon and Church roads.
Authorities are investigating a 50-year-old Orange County man's death while he was wakeboarding on the Parker Strip of the Colorado River over the weekend.
A woman was killed in a single-car crash on the 215 Freeway in Riverside on Sunday afternoon, according to the California Highway Patrol.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Jason Collins, the NBA's first openly gay player, who went on to become a pioneer for inclusion and an ambassador for the league, has died, his family announced Tuesday.
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
Memphis Grizzlies forward Brandon Clarke has died at the age of 29, the team announced.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
A homeless blogger living in Los Angeles County is hoping that her own quest to document the struggles that come with homelessness will help shine a light on the crisis as California closes in on the gubernatorial election.
President Trump said Americans' financial situation isn't motivating him to make a deal, "Not even a little bit," and that he is only focused on preventing Iran from getting nuclear weapons.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
The Senate is returning to Washington to resume work on funding immigration agencies with a package that includes $1 billion for the renovation of the White House East Wing.
Allen is charged with attempting to assassinate President Trump, assaulting a federal officer with a deadly weapon and two gun counts.
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.
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.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
LA County public health officials issued a bacteria warning at several beaches as a potentially record-breaking heat wave arrives in Southern California.
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.
Harrison Bader and Eric Haase hit back-to-back homers for the San Francisco Giants in the fifth inning, leading them to a 6-2 win over the Los Angeles Dodgers.
Pavel Dorofeyev scored his second goal of the game at 4:10 of overtime to give Vegas a 3-2 victory over the Anaheim Ducks on Tuesday night, moving the Golden Knights a victory away from advancing to the Western Conference final.
Charle Young, an All-Pro tight end who helped the San Francisco 49ers win their first Super Bowl title, has died.
UCLA women's basketball coach Cori Close is getting rewarded after guiding the Bruins to a national title.
Angel Martinez homered and Cleveland's pitchers recorded 13 strikeouts as the Guardians continued their home mastery of Los Angeles by beating the Angels 3-2.
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.
An early morning fire destroyed a Manchester Ave. clothing business in South Los Angeles.
May Gray is back in full effect on Wednesday morning. Most areas will wake up with clouds and a marine layer. The cooling trend will continue throughout the rest of the week.
An Orange County mother faced a judge for the first time on Tuesday for charges connected to a deadly e-bike crash involving her son, which left an 81-year-old man dead last month. Lesley Marin reports.
The Los Angeles County Registrar's office says residents don't need to change their voter registration; they can continue to use their permanent residential address and can add a temporary mailing address instead.
Desmond Shaw flies to Chaffey High School in Ontario for tonight's Look At This!
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.
