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California Voters Back a Billionaire Tax, but the Proposal Falls Short of Majority Support

The poll found 48% support and 38% opposition for Proposition 40, which would tax assets above $1.1 billion and direct most revenue to healthcare.

Summary by NBC News
A new NBCUniversal Local/Telemundo Station Group shows “yes” supporters leading 48% to 38% on the California ballot measure.

7 Articles

Telemundo 52Telemundo 52
+3 Reposted by 3 other sources

California billionaires would face a one-time 5% tax on their assets through an electoral initiative that, according to their...

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  • 50% of the sources lean Left, 50% of the sources are Center
50% Center

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Telemundo Area de la Bahía 48 broke the news on Wednesday, September 30, 2026.
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