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Billionaire tax explained: What you need to know about Prop 40

Billionaire tax explained: What you need to know about Prop 40
Photo: LAist (KPCC / Southern California Public Radio) · view original

People cheer during a performance by Tom Morello at a campaign event for a proposed "billionaires tax," in Los Angeles on Feb. 18, 2026. (Jae C. Hong / AP Photo) Proposition 40, also known as the billionaire tax, is the most contentious fight on Californians’ ballots this November. The proposal...

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