September 30, 2026

California Voters to Decide on Billionaire Tax Proposition 40

48% of likely voters back Proposition 40, a one-time 5% tax on billionaires, while 38% oppose it and 14% are undecided.
The campaign has seen about $100 million spent on ads, making it one of the most expensive in the country this year.
67% of Democrats support the proposal, but concerns remain about potential wealthy exodus, with 59% of respondents not worried about it.

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