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Inside California’s Billionaire Tax Fight and the Wide-Open Governor’s Race

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California gubernatorial candidates (L-R) Democrat Tony Thurmond, Republican Chad Bianco, Democrat Tom Steyer, Republican Steve Hilton, Democrat Xavier Becerra, Democrat Katie Porter, Democrat Matt Mahan and Democrat Antonio Villaraigosa stand during a commercial break during the CBS California Gubernatorial Debate at Pomona College on April 28, 2026 in Claremont, California.  (Mario Tama/Getty Images)

Ballots for California’s June primary hit mailboxes next week, yet the governor’s race remains up for grabs. After a chaotic, combative governor debate this week, Marisa and Guy sit down with New York Times reporter Laurel Rosenhall to analyze the state of the race. 

Then, they turn to the proposed billionaire tax measure that’s one step closer to appearing on California’s fall ballot and the multiple attempts by billionaires to block that initiative. 

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