California voters have officially torpedoed a controversial, would-be historic wealth tax on billionaires. Proposition 40 –– a measure that would have imposed a first-in-the-nation one time 5% tax on billionaires –– was rejected by Californians by 52.8% to 47.2% when the race was called by the…
Back to Top News
Top
November 10, 2026 at 3:14 AM
California voters officially reject controversial billionaire tax in setback for progressive agenda
New York Post
Excerpt from New York Post.