California voters reject proposed billionaires tax
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A 5% wealth tax on the assets of California’s more than 200 billionaires that would have helped the state offset recent federal cuts to healthcare, education and food assistance has failed.
The Associated Press called the race for Proposition 40 on Monday evening as the no side led 52.8% to 47.2%, with 83% of the vote counted. The initiative needed a simple majority to pass.
In the Bay Area, the measure saw strong support in San Francisco and Alameda counties, but was failing in Santa Clara, San
The Associated Press called the race for Proposition 40 on Monday evening as the no side led 52.8% to 47.2%, with 83% of the vote counted. The initiative needed a simple majority to pass.
In the Bay Area, the measure saw strong support in San Francisco and Alameda counties, but was failing in Santa Clara, San
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