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It’s official: California voters reject Prop. 40 billionaire tax

Katherine Langford
Editor-in-Chief · Tuesday, November 10, 2026 at 2:46 AM · 1 min read
It’s official: California voters reject Prop. 40 billionaire tax — Los Altos Community news

This story was originally published by CalMatters. Sign up for their newsletters. 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%, [ ] The post It’s official: California voters reject Prop. 40 billionaire tax appeared first on Mountain View Voice.

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