California Voters Defeat Proposition 40 Billionaire Wealth Tax

California voters reject Proposition 40, the billionaire wealth tax

Fox Business • 10 Նոյ 13:29

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.

Planet Money : NPR

NPR • 10 Նոյ 11:30

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.

Californians reject Prop 40 wealth tax for billionaires

BBC • 10 Նոյ 03:00

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.

Billionaire tax Prop. 40 was officially rejected in California

Los Angeles Times • 10 Նոյ 02:38

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.

California voters reject new tax on billionaires, a blow to the left

NBC News • 10 Նոյ 02:36

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

California voters reject billionaire wealth tax as outmigration concerns persist

Fox Business • 8 Նոյ 17:08

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.