California Voters Defeat Proposition 40 Billionaire Wealth Tax

California Voters Defeat Proposition 40 Billionaire Wealth Tax

Politique
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The Los Angeles Times reported that California voters rejected Proposition 40, a measure that would have imposed a one-time 5 % tax on the assets of residents with net worth exceeding $1 billion, with about 53 % voting against it. Earlier, Fox Business said the defeat reflected concerns that the tax could prompt wealthy Californians to leave the state, while the BBC noted that the vote count extended over a week before the result was confirmed.

Acteurs

Bernie Sanders Service Employees International Union–United Healthcare Workers West Gavin Newsom Wayne Winegarden Pacific Research Institute

Lieux

California, United States Los Angeles County, California, United States Orange County, California, United States San Diego County, California, United States Riverside County, California, United States San Bernardino County, California, United States

Articles

10 novembre 2026
5 au total
California voters reject Proposition 40, the billionaire wealth tax
California voters reject Proposition 40, the billionaire wealth tax

Fox Business • 10 nov. 13h29

A statewide ballot measure to impose a one-time 5% tax on residents with net worth over $1 billion was rejected by 52.8% of voters.

Crédibilité 82% Manip. 38% Droite
Planet Money : NPR
Planet Money : NPR

NPR • 10 nov. 11h30

California's defeat of Proposition 40, a proposed billionaire wealth tax, has sparked contrasting analyses from economists about the role of campaign spending and voter attitudes toward wealth taxation.

Crédibilité 85% Manip. 12% Centre
Californians reject Prop 40 wealth tax for billionaires
Californians reject Prop 40 wealth tax for billionaires

BBC • 10 nov. 03h00

Proposition 40, which would have imposed a one-time 5% tax on Californians with wealth over $1.1 billion, was defeated after a week-long vote count.

Crédibilité 88% Manip. 12% Centre
Billionaire tax Prop. 40 was officially rejected in California
Billionaire tax Prop. 40 was officially rejected in California

Los Angeles Times • 10 nov. 02h38

A statewide vote defeated Proposition 40, a proposal to levy a one-time 5% tax on the assets of California billionaires, with 53% voting against it.

Crédibilité 88% Manip. 12% Centre
California voters reject new tax on billionaires, a blow to the left
California voters reject new tax on billionaires, a blow to the left

NBC News • 10 nov. 02h36

Voters turned down Proposition 40, a one-time tax on residents with net worth over $1.1 billion, after extensive campaign spending by opponents.

Crédibilité 88% Manip. 12% Centre
8 novembre 2026
1 au total
California voters reject billionaire wealth tax as outmigration concerns persist
California voters reject billionaire wealth tax as outmigration concerns persist

Fox Business • 08 nov. 17h08

Voters turned down a proposed one-time 5% tax on billionaire wealth, citing worries that the measure could prompt wealthy residents to leave the state.

Crédibilité 78% Manip. 24% Droite

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