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Spielberg’s Secret Power Play Has Democrats in Panic

For decades, Steven Spielberg stood as one of Hollywood’s most loyal and generous Democratic donors. He opened his wallet. He hosted elite fundraisers. He lent his global brand to causes championed by California’s political class.

M2020 via Shutterstock

Now he’s gone.

On January 1, 2026, the legendary filmmaker officially became a resident of New York. The timing raised eyebrows across political and financial circles because that was the precise date tied to a controversial proposal in California that could cost billionaires hundreds of millions of dollars.

Spielberg and his wife, actress Kate Capshaw, relocated to the famed San Remo building overlooking Central Park. On that very same day, his production powerhouse, Amblin Entertainment, launched a new office in New York City.

His representative insists the move was “long-planned” and centered around family, specifically grandchildren. When pressed about the proposed California wealth tax, the spokesperson declined to comment.

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