California voters just torpedoed a controversial, would-be historic wealth tax on billionaires. Proposition 40 –– a measure that would have imposed a first-in-the-nation one time 5% tax on billionaires –– was rejected by Californians by 52.8% to 47.2%, according to the Associated Press on Monday. Keith Anthony Sakura joins supporters at the Billionaire Tax Now...
(00:53) Texas Voters Reject Billions in New Taxes, Bond Debt… (01:51) Here’s The Thing About Waves… (02:25) League City Voters Reject Flock Cameras… (02:49) Drugs and…
California voters rejected a 5 percent billionaire tax after opponents outraised supporters tenfold.
California's Prop 40 billionaire tax pits the Democratic Socialists of America against Gavin Newsom, who backs a countermeasure to block it.
Discussion (0)
No comments yet. Start the conversation!