California voters have rejected Proposition 40, the so-called “billionaires’ tax” ballot measure driving the wealthy out of the state.
Calif. ‘billionaires’ tax’ ballot measure Prop 40 fails
Katherine Mosack
Nov 10, 2026 | 12:01 PM
California voters have rejected Proposition 40, the so-called “billionaires’ tax” ballot measure driving the wealthy out of the state.