Politics
U.S.
Three California Propositions Put Billionaire Tax in Voters’ HandsBillionaire Tax Could Fund Health Care as Rivals Threaten to Block ItCalifornia’s Billionaire Tax Faces Voter Backlash and Rival Measures
On October 30, California voters were weighing Propositions 40, 41 and 42, measures that could determine whether a one-time tax on billionaires takes effect and direct most of its proceeds to health care.On October 30, California voters were considering Proposition 40, a one-time tax on billionaires to fund health care and other services, alongside Propositions 41 and 42, which could prevent it from taking effect.On October 30, California voters were weighing a proposed one-time tax on billionaires and two rival measures that could block it, amid arguments that the tax risks driving wealth and businesses out of the state.
