Today, Joshua Rauh, Benjamin Jaros, and John Doran explain their research into the proposed California billionaire wealth tax and the measure’s likely impact on the state’s budget issues; Michael McFaul offers readers a debrief of his recent trip to China; and a new edition of Strategika compiles lessons learned so far from the Iran war, drawing on the expertise of contributors with many decades of experience analyzing US national security challenges.  

Hoover Daily Report | June 1, 2026

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