California voters have done right by their local billionaires. They appear to have rejected the wealth tax. With most ballots counted and almost six percentage points needed as of Wednesday morning, a political fight that garnered national attention has reached…
Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare. The measure left the ultra-rich, some of whom spent heavily to…
California’s voters have rejected a number of propositions, including a billionaire tax, while simultaneously approving a number of bond measures. Prop. 40 would have established a one-time 5% tax on California’s billionaire class. Prop. 40 was the measure that would have established a one-time…
KXLY.com Local news coverage from KXLY+ 4 News Now at 6 November 4th 2026 Health tips for expecting grandparents Cop wrangles loose gator with bare hands Conroy beating Baumgartner in Spokane Co, but incumbent holds overall lead Two deputies critically injured, three people…
California voters rejected a proposed one-time tax on billionaires and a statewide voter identification measure as returns from Tuesday’s midterms firmed up. Proposition 40, the so-called billionaire tax, failed with 3,966,849 “No” votes (52.4%) to 3,598,679 “Yes” (47.6%), The Center Square’s Madeline Shannon reported on…
This story was originally published by CalMatters. California voters are being asked whether they want to keep taxing the incomes of the rich. And they’ll be asked whether to start taxing the accumulated wealth of the even richer. Wait, there’s…
Los Angeles (United States) (AFP) – A proposal to levy a one-off tax on billionaires in California appeared to be headed for defeat Wednesday in a vote being watched around the world at a time of growing anger over wealth disparity.
Want to Share Something with Our Team? - Democrat Dave Min wins reelection to U.S. House in California's 47th Congressional District - Income tax measure still too close to call in Colorado - Superintendent John Magas on Duluth School District Referendum passing - Blue wave felt…
But beneath the Democratic wave, voters delivered some more complicated messages — challenging the party's political establishment, seemingly rejecting a tax on billionaires and electing a history-making governor who faces enormous challenges at home and in Washington. Here are five key…
Though ballots are still being counted in several states, enough votes are in to project the outcome for several tax proposals that were considered across the country this election. It appears that when it came to electing candidates, voters were…
Progressive taxation, wealth taxes, safety‑net programs, and anti‑poverty policy.
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