Sacramento politicians have tried to tax retirement and savings accounts five times in recent years

d2f8940b6d1dc2e539151414363513994582ef4c527814900eb251637196024e

A SHA-256 hash of the record as published. Changing one character changes it.

Independently checked: signed by the site's service key, which only the publishing system holds.

Owner approved: signed with the owner's key, which the public log lists.

Entry 9, published Oct 3, 2026. Each entry includes the fingerprint of the one before it, so no earlier entry can change unnoticed.

• Timestamp authority (RFC 3161)TimestampedReceipt
• OpenTimestamps (Bitcoin)Bitcoin timestamp pendingReceipt

1. Entry 9 · Oct 3, 2026 · current
   d2f8940b6d1dc2e539151414363513994582ef4c527814900eb251637196024e
2. Entry 2 · Oct 3, 2026 · replaced on Oct 3, 2026
   854572e0e3cf60a13cfa7480e5e07f979c332278922cb945447c54f44fb9bff3

• Verdict on the claim

  Call: Missing context

  The campaign's own website names five proposals, all introduced in the Assembly between 2019 and 2024: AB 2088 (2019-20, Bonta and others): an annual tax of 0.4 percent on worldwide net worth above $30 million ($15 million for married taxpayers filing separately), directly held real property excluded; the text lists pension funds and interest-bearing savings accounts among the assets reported toward net worth. Last recorded action 2020-11-30, from committee without further action; it did not become law. AB 310 (2021-22, Lee, Santiago, Lorena Gonzalez): a 1 percent tax on worldwide net worth above $50 million ($25 million filing separately) plus a 0.5 percent surtax above $1 billion ($500 million), with the same asset reporting; died 2022-01-31 under Article IV, Section 10(c), never leaving the Assembly Revenue and Taxation Committee. ACA 8 (2021-22, Lee and others): a constitutional amendment that would authorize the Legislature to tax "all forms of personal property or wealth, whether tangible or intangible"; its text does not address retirement accounts by name; last action 2022-11-30, from committee without further action. AB 259 (2023-24, Lee): the same net-worth tax design as AB 310 (1.5 percent above $1 billion for 2024-2025, then 1 percent above $50 million plus a 0.5 percent surtax above $1 billion from 2026), pension funds and savings accounts counted toward net worth; held on the suspense file 2024-01-10 and died 2024-01-31 under Article IV, Section 10(c). ACA 3 (2023-24, Lee): the same tax authorization as ACA 8, without its task-force section; last action 2024-11-30, from committee without further action. (1) "Tried" here means introduced: none of the five passed a house as far as the status pages show, and none became law. (2) Each bill was a tax on net worth above $30 million or $50 million, not a tax aimed at ordinary retirement or savings accounts; pension funds and savings accounts count toward net worth under the bill text, and the two amendments would let the Legislature tax personal property and wealth without naming retirement accounts. (3) The argument for Proposition 42 printed in the Official Voter Information Guide says "six separate proposals", not five. Five matches the campaign's own list.

  Made by a sourcer · checked by an independent checker · approved with the owner's key

  Technical details

  Recorded call:

  missing-context

  Author id:

  sourcer:ca-2026-measures

  Checker id:

  checker-judgments-ca-2026

  Owner key id:

  SHA256:h82SrxLU1wYr+jpy4Vl9/9iQlAO+HQX1umVBdhy/Ss0

  Vetted · Oct 3, 2026

  Check this judgment

Copy the public log and run its script. It reads only the public log: the signed copy of this record, the judgments behind it, the keys and the receipts. It recomputes each fingerprint and checks the proof, both signatures and the timestamps. It checks the signed copy in the log, not the text on this page:

git clone https://github.com/Macpire/ideology-integrity-log
cd ideology-integrity-log
npx tsx integrity/verify-record.ts --log ca-2026 ca-prop-42-claim-sms-1 --repo .

To check that the text this site serves is that signed copy, add the site's address. Only this check ties the log to what you read here:

npx tsx integrity/verify-record.ts <site> ca-2026 ca-prop-42-claim-sms-1 --repo .