# Debate on California’s Prop 40 Wealth Tax Backfiring is Topic of Latest Family Enterprise USA ‘Family Business Briefs’ Podcast

- Link: https://www.thailand-business-news.com/pr-news/debate-on-californias-prop-40-wealth-tax-backfiring-is-topic-of-latest-family-enterprise-usa-family-business-briefs-podcast
- Published: 2026-10-29T14:37:00+07:00
- Author: MarketersMEDIA Newswire

_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](https://familyenterpriseusaaction.com/family-businesses/prop-40-deep-dive-is-this-california-tax-actually-a-wealth-killer/)
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.](https://familyenterpriseusa.com/podcast/)

           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](https://familyenterpriseusaaction.com/family-businesses/prop-40-deep-dive-is-this-california-tax-actually-a-wealth-killer/),
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 ChewEmail: [Send Email](https://send.releasecontact.com/89207771)
Organization: Family Enterprise USA ActionAddress: 712 H Street NE Suite 1330, Washington
DC, United StatesPhone: 310-383-0528Website: [https://familyenterpriseusaaction.com/](https://familyenterpriseusaaction.com/)

Video URL: [https://www.youtube.com/embed/ymGYwEJmjPc?si=mIULcAnrrYCE01S5](https://www.youtube.com/embed/ymGYwEJmjPc?si=mIULcAnrrYCE01S5)

Release ID: 89207771

If there are any deficiencies, discrepancies, or concerns regarding the information
presented in this press release, we kindly request that you promptly inform us by
contacting [error@releasecontact.com](https://www.thailand-business-news.com/pr-news/error@releasecontact.com)(
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 is committed to addressing any identified issues
within 8 hours to guarantee the delivery of accurate and reliable content to our
esteemed readers.

**Source** : [Debate on California’s Prop 40 Wealth Tax Backfiring is Topic of Latest Family Enterprise USA ‘Family Business Briefs’ Podcast](https://news.marketersmedia.com/debate-on-californias-prop-40-wealth-tax-backfiring-is-topic-of-latest-family-enterprise-usa-family-business-briefs-podcast/89207771?rand=206000)

    ```wp-block-verse
    The information provided in this article was created by MarketersMEDIA Newswire, our news partner. The author's opinions and the content shared on this page are their own and may not necessarily represent the perspectives of Thailand Business News.
    ```