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Thomas Steyer: Chevron tax increase to fund California schools and healthcare

Thomas Steyer: Chevron tax increase to fund California schools and healthcare
Steyer targets Chevron California taxes

Thomas Steyer claims that Chevron avoids approximately $100 million in California taxes every year. He proposes increasing taxes on the company to generate additional funding for state schools and healthcare services. Steyer also questions Chevron's political contributions to his opponent, pointing to the company’s maximum allowable donation. The remarks come as part of his broader agenda for fiscal reform in California.

Steyer has previously argued that billionaire wealth in the U.S. is not built solely on personal effort. He has also renewed calls for higher taxes on oil companies after Shell reported $7 billion in quarterly profit. His latest proposal targeting Chevron follows this pattern of scrutiny on major corporations’ financial practices.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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