Prop. 40 would tax California’s billionaires once. Here’s what it does and who’s for and against it
California voters are considering Proposition 40, a proposed one-time tax on billionaires' wealth set at 5 percent. The measure is designed to fund healthcare and education programs. The proposition has attracted significant campaign spending and competition from other measures during this election season. The outcome remains to be decided by voters.
4 across the spectrum. Choose a side on the bar to jump to it.
National story. 4 articles from 4 sources. Updated 21m ago.
How each side is putting it
Left
1 sourceThe millions spent by California billionaires against Prop. 40 is about 0.07% of their wealth
Center
1 sourceProp. 40 would tax California’s billionaires once. Here’s what it does and who’s for and against it
Right
2 sourcesCalifornia voters’ major shift on billionaire tax revealed in new poll