Billionaires
Ro Khanna Pushes California Billionaires, Union to Compromise on Wealth Tax Plan
Ro Khanna during a news conference outside the US Capitol on Nov. 18, 2025.
Photographer: Graeme Sloan/BloombergTech industry and labor leaders plan to meet in March as Representative Ro Khanna pushes for a compromise deal over a proposed billionaire tax that has rattled Silicon Valley, a person familiar with the meeting said.
The gathering, expected to take place at Stanford University, marks a notable detente in what has been an escalating fight between the health care workers union behind the proposal and some of California’s wealthiest residents.