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Saturday, November 7, 2026

California’s ‘billionaire tax’ is still undecided. Here’s where Proposition 40 stands

Days after the midterm elections, Proposition 40 has yet to be decided. The ballot measure, which would impose a one-time 5% tax on California billionaires to help fund healthcare, is failing by more than 8 percentage points. Statewide, more than 4 million votes remain to be counted in this race, …

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