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Californians divided on billionaire tax, new poll shows
The measure would impose a one-time 5% tax on billionaire assets, and 48% of likely voters support it while 41% oppose it, the poll found.
- Proposition 40 is narrowly ahead: A recent UC Berkeley poll found that 48% of likely California voters support Proposition 40, compared with 41% opposed and 11% undecided, leaving the proposed billionaire tax without majority support.
- The measure is sharply divided along party lines: About 70% of Democratic voters said they would support the tax, while roughly 80% of Republicans opposed it; independent voters leaned toward support by 50% to 39%.
- The proposal would impose a one-time 5% wealth tax: Proposition 40 would apply to Californians with more than $1 billion in covered assets, with supporters projecting roughly $100 billion in revenue for healthcare, education and food assistance, while the state’s legislative analyst estimates the measure would generate tens of billions of dollars over several years.
- The campaign is drawing major opposition from wealthy Californians: Billionaires have contributed tens of millions of dollars to efforts opposing Proposition 40, while Gov. Gavin Newsom has also criticized the measure over concerns that it could encourage wealthy residents to leave the state.
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Poll: Californians split on proposed tax on billionaires, sour on voter ID requirement
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Coverage Details
Total News Sources14
Leaning Left5Leaning Right5Center4Last UpdatedBias Distribution36% Left, 36% Right
Bias Distribution
- 36% of the sources lean Left, 36% of the sources lean Right
36% Right
L 36%
C 28%
R 36%
Factuality
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