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Could Proposition 42 block new California wealth taxes? Your guide to the ballot measure

Supporters say the measure would protect retirement savings, while opponents say it could help block a billionaire tax backed by labor groups.

Summary by The Derrick
SACRAMENTO, Calif. — Proposition 42 is a proposed constitutional amendment that would do two big things: block new state taxes on personal property, including financial assets, and limit certain retroactive state taxes. It would apply to new taxes enacted or…

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The Derrick broke the news in Oil City, United States on Wednesday, September 30, 2026.
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