California Voters Reject Prop 40 Billionaire Tax Measure
California voters defeated Prop 40, an asset tax projected to raise $100 billion, after Governor Gavin Newsom opposed it and a donor-backed campaign spent more than $300 million.
Topic
Tax Policy
Topic
Tax Policy
California Voters Reject World's First Billionaire Wealth Tax
Proposition 40, a 5% one-time tax on Californians worth over $1.1bn, failed after a $100m-plus opposition campaign by Sergey Brin…
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