Ro Khanna faces primary challenge, Silicon Valley backlash over wealth tax
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By Julia Shapero
Published on March 11, 2026.
Rep. Ro Khanna (D-Calif.), once championed by Silicon Valley, is facing a primary challenge from Ethan Agarwal, a tech entrepreneur seeking to capitalise on Silicon Valley's growing antipathy towards him. This comes after Khanna supported a proposed ballot initiative that would tax California's billionaires with a one-time 5 percent tax. The proposal has divided California Democrats and has put Khanna at odds with Gov. Gavin Newsom, one of the leading contenders for the 2028 Democratic presidential nomination. Silicon Valley leaders have opposed Agarwalk's congressional bid, with Y Combinator President and CEO Garry Tan accusing Khanna of turning his back on the district.
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