Megan Basham

And in an interview with CNN, he agreed that he wants to employ that old Michael Jordan model of saying, hey, I want to sell sneakers to Republicans, too.

So long story short here, Allen is an extremely savvy businessman, and he thinks there's still money to be made in late night if it's not political.

The legislative step was made possible only after GOP Senator Bill Cassidy agreed to back the measure.

The resolution cleared a Senate procedural hurdle with a vote of 50 to 47.

Cassidy had refused to support the measure in seven prior votes, which Democrats pushed in the wake of Trump's interventions in Venezuela and Iran.

The flip in Cassidy coincides with his failed reelection campaign, losing his primary race over the weekend to a Trump-backed opponent, Congresswoman Julia Letlow.

Cassidy said, quote, until the administration provides clarity, no congressional authorization or extension can be justified.

Everyone is leaving California.

Yeah, so what it would do, Georgia, is impose a one-time 5% tax on the total net worth of anyone who was a California resident on January 1st, 2026, and also happens to be worth more than a billion dollars.

So if a billionaire leaves the state before the measure passes...

supporters still want to tax any wealth accumulated while they lived there.

So backers say that this money would help close California's budget gap and also fund things like health care, education, and anti-poverty programs.

But on the other side, critics are arguing that California doesn't have a revenue problem so much as it has a spending problem.

In fact, Morning Wire spoke to Andrew Wilford of the National Taxpayers Union Foundation yesterday

And he points out that California already taxes top earners more heavily than anywhere else in the country.

And then on top of that, Wilford argues that this isn't just another income tax.

It's a fundamentally different concept where the government taxes assets that people already own.

So things like stock holdings, businesses, investments, even if they haven't sold them yet.

So he and other critics say that this could trigger an exodus of entrepreneurs and investors.

And, you know, to a pretty large degree, California is already seeing that.