Silicon Valley is actively strategizing against California's proposed billionaire tax, which targets wealthy individuals to address state budget deficits. The discussions highlight a broader conflict between the tech industry and state tax policies, as many in the industry view the tax as detrimental to their interests.

California Republicans have struggled to raise significant funds against Proposition 50, initially promising to collect $100 million but only managing to gather around $11 million so far. In contrast, Democrat-led initiatives have raised nearly $100 million, aided by high-profile endorsements and advertisements, leading to increasing public support for the redistricting measure according to recent polls.