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Professor David Gamage was quoted in stories on the New York Times and Bloomberg on his work drafting the California Billionaire Tax, which is on the ballot in early November.
From the New York Times on Sunday:
“If California enacts a wealth tax, it will begin raising substantial revenues by 2027, and by 2028 we will have actual numbers and data and experience,” said David Gamage, a tax law professor at the University of Missouri who helped draft the tax. “And it will be a lot harder for the opposition to make all these absurd claims, because there will be real experience on the ground we can look to.”
Read the full New York Times story here.
From Bloomberg:
“When Senator Elizabeth Warren ran for president in 2020, she suggested making America’s richest households pay a tax on their wealth. David Gamage was one of the people called in to work on it. Gamage, a University of Missouri tax law professor who worked in the Treasury Department under President Barack Obama, was asked to help tailor a proposal and then a bill that could survive legal challenges. But Warren’s White House bid fell short, and her taxi dea didn’t make it out of committee even though Democrats controlled Congress at the time (she has since reintroduced the legislation).
In spite of that, the unassuming Gamage became something of a guru. After Warren’s effort failed, he started hearing from politicians and activists across the US who wanted to tax wealth. Most of the queries he put aside. But at the urging of fellow law professor Darien Shanske, Gamage reconsidered a pitch from SEIU-UHW, a labor union looking for a way to tax California’s billionaires.”