Debate on California’s Prop 40 Wealth Tax Backfiring is Topic of Latest Family Enterprise USA ‘Family Business Briefs’ Podcast
Oct 29, 2026
Episode Part of ‘Deep Dive’ AI Series Debating Wealth Tax, Other Key Issues
Washington, DC (Hagerstown, MD), United States, October 29, 2026 -- The debate on whether California’s Proposition 40, “The Billionaire Tax,” will backfire gets a deep dive review in Family Enterprise USA’s latest podcast episode of “Family Business Briefs.”
The episode, part of a regular series of “deep dive” podcasts on critical tax and economic issues facing family-owned businesses and the families that operate them, debates whether Prop 40, if voted in, will lose billions of tax revenue for the state, or gain tax revenue.
The episode and series can be found at: Family Enterprise USA Deep Dive Podcasts.
With the assistance of AI and its impartial AI guides, Ted and Jen, listeners receive an easy-to-follow conversation on the pros and cons of this potential new penalty savings tax on the state’s most successful citizens.
The debate centers on the “quick fix” nature of the tax to fill “a massive budget hole” in healthcare funding or if it will “create an even bigger $25 billion” tax deficit, as family businesses flee the state.
According to research, America’s family-owned businesses contribute $7.7 trillion annually to the U.S. gross domestic product, accounting for 83.3 million jobs, or 59 percent of the country’s private workforce.
“Part of our mission is to educate our lawmakers, influencers, and voters on the issues facing our family-owned businesses,” said Tim Schultz, Chief Executive Officer, Family Enterprise USA, which advocates for family-owned businesses, and is based here. “This series offers a neutral platform to debate key issues family businesses and the families that own them deal with every day. Right now, California’s Proposition 40 is one of the most critical issues facing the state, and the country. It’s important we understand its potential long-term ramifications on hardworking, taxpaying families and their family businesses.”
For more information go to: www.familyenterpriseusa.com
About Family Enterprise USA
Family Enterprise USA promotes family-owned business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington, D.C. FEUSA represents and celebrates all sizes, professions and industries of family-owned enterprises and multi-generational employers. FEUSA is a 501.C3 organization
Contact Info:
Name: Bob Chew
Email: Send Email
Organization: Family Enterprise USA Action
Address: 712 H Street NE Suite 1330, Washington DC, United States
Phone: 310-383-0528
Website: https://familyenterpriseusaaction.com/
Video URL: https://www.youtube.com/embed/ymGYwEJmjPc?si=mIULcAnrrYCE01S5
Release ID: 89207771
Should any problems, inaccuracies, or doubts arise from the content contained within this press release, we kindly request that you inform us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is at the core of our commitment to our readers.
More News
Text Message Referencing a ‘Hijack’ Forces United Flight to Return to Vegas
Now charged with a felony, the passenger who sent the text said that he had been drinking, and that the message was poorly worded banter between co-workers.
An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.
Das sind die Gewinner der Business Traveller Awards 2026
Erfahren Sie, wer bei den Business Traveller Awards 2026 in den globalen und regionalen Kategorien den ersten Platz belegt hat. The post Das sind die Gewinner der Business Traveller Awards 2026 appeared first on Business Traveller.
Can Pakistan International Airlines Recapture Its Former Glory?
Once among Asia’s most admired airlines, Pakistan International Airlines faces a difficult comeback under private ownership, confronting decades of financial troubles, political interference, fleet challenges and a troubled leadership search. The post Can Pakistan International Airlines Recapture Its Former Glory? appeared first on Business Traveller.
Can Pakistan International Airlines Recapture Its Former Glory?
Once among Asia’s most admired airlines, Pakistan International Airlines faces a difficult comeback under private ownership, confronting decades of financial troubles, political interference, fleet challenges and a troubled leadership search. The post Can Pakistan International Airlines Recapture Its Former Glory? appeared first on Business Traveller.
If You Can Pass This Geography Trivia Quiz, You Belong In The Knowledge Hall Of Fame
Test your knowledge of geography! View Entire Post ›
Eight Hours Over the Pacific in a 737? Alaska Airlines Says Yes
Alaska is taking its Boeing 737 MAX across the North Pacific, launching nonstop Anchorage–Tokyo flights with an eight-hour journey that presents unusual operational challenges and passenger considerations. The post Eight Hours Over the Pacific in a 737? Alaska Airlines Says Yes appeared first on Business Traveller.
I've Watched Airline Amenities Slowly Dry Up. Here's What I Always Pack To Keep My Flights Tolerable.
Many frequent flyers, including me, think the experience is getting worse. View Entire Post ›
COTRAV BLACK enters India’s luxury live-entertainment market, to debut at A R Rahman concert
Backed by the business group behind travel management company COTRAV, the new venture draws on the group’s experience in managing travel and logistics for large events, weddings and concerts. COTRAV BLACK will operate as a distinct brand focused on premium live-entertainment experiences.
The Nordic Christmas markets to know for 2026
Christmas market season is approaching, but beyond Europe’s best-known festive destinations, some of the continent’s most atmospheric celebrations can be found further north. Across Norway, Sweden, Finland and Iceland, Christmas markets take over historic squares, open-air museums and even forests, bringing together local crafts, Nordic design, seasonal food and traditions that have been celebrated for generations. For travellers looking for something a little different this winter, Nordic travel specialist Off The Map Travel has selected six Christmas markets worth putting on the radar for 2026, from Stockholm’s century-old Skansen market to Bergen’s enormous gingerbread city.
Sofia Christmas Fest 2026 Transforms the Heart of Bulgaria’s Capital into a Festive Wonderland
Sofia, the capital of Bulgaria and one of Europe’s oldest cities, will once again embrace the magic of Christmas with Sofia Christmas Fest 2026. From 20 November to 28 December, the festival will return for its fifth consecutive year to the park in front of the National Palace of Culture (NDK), an iconic convention and cultural centre located in the heart of the city.
The maximum-security facility X-raying everything from Pringles to perfume before they board your plane is this huge airline's best-kept secret
As someone who grew up spellbound by Charlie and the Chocolate Factory, I've perhaps been guilty of harbouring an idealised view of industrial-scale production lines.
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.