California Billionaire Tax– Will Prop 40 Pass or Fail
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California voters could face two competing decisions over how the state taxes extreme wealth. One proposal would create a one-time 5% tax on the assets of billionaires. Another would block the state from creating new taxes on assets, potentially putting the two measures in conflict. Supporters and opponents are making their cases ahead of the November election, but ultimately voters will decide what happens. Should California be able to tax the assets of its wealthiest residents? Watch more on The States Daily, from The Center Square. #California #Taxes #Billionaires #Election2026 #TheCenterSquare