DeMaio is in the news as California eyes billionaire tax backlash—examines the political push against a new one-time levy on assets over $1B. Republican Assembly member from San Diego (born 1974).
California has qualified a proposal for a billionaire wealth tax, which supporters say will fund healthcare and education. Opponents warn it will trigger a mass exodus of the wealthy, leading to significant job and revenue losses. The measure now faces a voter referendum in November 2026.