US Sen. Bernie Sanders is headed to Los Angeles next week to lead a campaign kickoff for a bill that would impose a one-time 5% tax on the assets of California’s billionaires to support the state’s healthcare system, including by keeping hospitals and emergency departments open.

Economists, healthcare workers, and unions launched the fight for the tax last year, after Republicans in Congress and President Donald Trump enacted a budget package that included massive Medicaid cuts. Service Employees International Union-United Healthcare Workers West (SEIU-UHW) is spearheading the battle for the California Billionaire Tax Act.

Sanders (I-Vt.) endorsed the proposal in December, calling it “a model that should be emulated throughout the country.” He is now set to appear at the Wiltern in Los Angeles alongside musical acts and other supporters of the ballot measure for the bill on Wednesday, February 18.

“At a time of unprecedented and growing wealth consolidation and income inequality, I strongly support the grassroots effort in California to impose this reasonable and necessary 5% wealth tax on about 200 California billionaires,” Sanders said in a Tuesday statement.

“This initiative would provide the necessary funding to prevent over 3 million working-class Californians from losing the healthcare they currently have—and would help prevent the closures of California hospitals and emergency rooms,” noted the senator, a longtime leading advocate of higher taxes for the ultrarich and Medicare for All.

https://www.commondreams.org/news/bernie-sanders-billionaire-tax