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It’s official: California voters reject Prop. 40 billionaire tax
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN
Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.
More from Marcus →Managing Editor · Tuesday, November 10, 2026 at 2:46 AM · 1 min read
This story was originally published by CalMatters. Sign up for their newsletters. California will not become the first state to levy a wealth tax on its richest residents — at least not this election. Voters rejected Proposition 40, a proposal to tax billionaires based on their net worth and financial holdings, by 52.8% to 47.2%, [ ] The post It’s official: California voters reject Prop. 40 billionaire tax appeared first on Danville San Ramon.
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