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California voters reject Prop. 40 billionaire tax - CalMatters California will not become the first state to levy a wealth tax on its richest residents — at least not this election Voters rejected Proposition 40, a proposal to tax billionaires based on their net worth and financial holdings, by 52 8% to 47 2%, according to The Associated Press Monday
California Voters Reject Prop. 40 Billionaire Tax Measure California voters rejected a billionaire tax, The Associated Press determined on Monday, rebuking a measure that would have created the nation’s first wealth tax by targeting the assets of
California Voters Reject Billionaire Tax | Newsmax. com California voters rejected a proposed tax on billionaires even as Democrats won control of Congress and scored victories in statewide races in the midterm elections