| Source | ABC Local |
|---|---|
| Original Load Date | Nov. 3, 2026, 6 p.m. |
| Last Updated | Nov. 3, 2026, 6 p.m. |
| Original URL | https://abc7.com/post/live-election-results-california-voters-decide-proposition-40-billionaire-tax/20012875/ |
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Could California become the first state in the country to enact a billionaire
tax? Proposition 40 is an effort to fund the state's healthcare system - which
is facing severe cuts from the One Big Beautiful Bill Act - by taxing the ultra-
wealthy.
The measure would enact a one-time 5% tax on the acc...