California voters reject Proposition 40, a proposed 5% tax on billionaires' net worth

California voters rejected Proposition 40, a proposed 5% tax on billionaires' net worth, delivering a win to tech leaders who spent heavily against it and a loss to progressives seeking to tax the ultra-rich.

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California votersadopter

Targets Proposition 40policy

California voters dossier

Source

California voters have rejected a proposed 5% tax on the net worth of billionaires

France24_en · Telegram Open post

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Election date
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Effective date had it passed

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Country: United States

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