California has created a two-tiered tax system. While working people pay their fair share, the wealthiest people and corporations exploit tax loopholes to skip out on paying billions of dollars every year.
Paid for by Steyer for Governor 2026
California has created a two-tiered tax system. While working people pay their fair share, the wealthiest people and corporations exploit tax loopholes to skip out on paying billions of dollars every year.
This is money that should go to our schools, healthcare, and infrastructure. Our recent report shows how wealthy commercial property owners – including Donald Trump himself – have avoided paying taxes on what their properties are actually worth, collectively costing California $243 billion since 2012.
When corporations don’t pay their fair share, everyday Californians are left to pick up the tab, and cities and counties are forced to push taxes, impact fees, and service charges onto residents, making California’s affordability crisis even worse.
Tom is going to close these corporate loopholes, and raise $20 billion of new revenue each year to fund things like education, healthcare, childcare, and home care, all without charging working people a penny.