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California Voters Reject Wealth Tax on Billionaires, Sparking Economic Concerns

World News

California Voters Reject Wealth Tax on Billionaires, Sparking Economic Concerns

California voters reject proposed one-time tax on billionaires' wealth

France 24

California voters reject proposed one-time tax on billionaires' wealth

California voters have rejected a proposed 5% tax on the net worth of billionaires, handing a victory to tech leaders who poured hundreds of millions of dollars into defeating the measure. The...

California voters reject measure to tax the wealth of billionaires

France 24

California voters reject measure to tax the wealth of billionaires

California voters have rejected a first-in-the-nation tax on the net worth of billionaires following a contentious ballot fight that generated huge spending by some prominent tech leaders eager to...

California Voters Reject Unprecedented Tax on Billionaires

Hindustan Times

California Voters Reject Unprecedented Tax on Billionaires

The states’ wealthy elite spent heavily and successfully defeated an effort to tax their wealth to raise healthcare funding.

California voters fail to pass proposed one-time tax on billionaires’ wealth

The Guardian

California voters fail to pass proposed one-time tax on billionaires’ wealth

Campaign over Prop 40, as measure was known, was most expensive in state history, flush with Silicon Valley dollarsCalifornia billionaires won a contentious ballot measure campaign, defeating a...

Tech billionaires dodge massive wealth tax as California voters decisively reject controversial Proposition

Independent

Tech billionaires dodge massive wealth tax as California voters decisively reject controversial Proposition

California voters have rejected a tax on the net worth of billionaires following a contentious and expensive ballot fight

California Rejects Proposed One-Time 5% Tax For Billionaires

NDTV

California Rejects Proposed One-Time 5% Tax For Billionaires

The tax would have forced around 200 billionaires in the state to cough up five percent of their total net worth, with the money largely dedicated to helping pay for healthcare.

Billionaire tax rejected on concern squeezing California's ultra-rich would harm the economy

Los Angeles Times

Billionaire tax rejected on concern squeezing California's ultra-rich would harm the economy

Supporters of Proposition 40, a proposal to tax California billionaires to mostly fund healthcare, faced opposition from politicians, a teachers union and other powerful groups before residents...

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