| Source | ABC Local |
|---|---|
| Original Load Date | Nov. 10, 2026, 6 a.m. |
| Last Updated | Nov. 10, 2026, 6 a.m. |
| Original URL | https://abc7.com/post/california-voters-reject-prop-40-measure-tax-wealth-billionaires/20028513/ |
Article Preview
SACRAMENTO, Calif. -- California voters have rejected a first-in-the-nation tax
on the net worth of billionaires following a contentious ballot fight that
generated huge spending by some prominent tech leaders eager to stop their taxes
from going up.
The measure's failure is a win for Democratic l...