Congresswoman Karen Bass has defeated developer Rick Caruso, the California Globe reports, becoming Los Angeles’ first African American mayor since 1993. Bass is also the first woman to hold the position—something of a stepdown for her.
In 2020 Bass was being vetted to be a running mate for Joe Biden. Bass had been in Congress since 2011, and supporters cite her experience as Speaker of the California Assembly from 2008-2010. At that time, tax reform was on the table.
California gets about half of its income-tax revenue from the top one percent of earners, which makes for high revenue volatility during an economic
