The Wire · California
California voters reject Prop. 40 billionaire tax

Billionaires spent $378 million to defeat Prop. 40, exposing a rift among California Democrats on taxing the rich.
Reporting by CalMatters.
Vol. 26
Wednesday, November 11, 2026
No. 315
The Wire · California

Billionaires spent $378 million to defeat Prop. 40, exposing a rift among California Democrats on taxing the rich.
Reporting by CalMatters.