California Voters Reject Unprecedented Tax on Billionaires LOS ANGELES—California voters rejected a proposed billionaire tax, ending a heated and expensive fight over what could have been the nation’s first modern tax on wealth The Associated Press
Californians reject Prop 40 wealth tax for billionaires - BBC California voters have voted to reject a wealth tax on its billionaires The ballot proposal would have levied a one-time tax on the state's mega wealthy to help fund healthcare It took nearly a
Californias Prop 40 billionaires tax measure is rejected, AP . . . Voters rejected California's so-called "billionaires' tax" ballot initiative, according to a projection from The Associated Press on Monday This means that the state will not levy a 5% tax on the wealth of California taxpayers and trusts with assets valued over $1 billion This measure is known as Proposition 40