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California billionaire tax trailing in early returns

California billionaire tax trailing in early returns
Photo: LAist (KPCC / Southern California Public Radio) · view original

A “Tax the Ultra-Rich Now” bus parked outside the Curran Theater before the start of a "Ballots Over Billionaires" rally in San Francisco on Oct. 3, 2026. (Manuel Orbegozo / CalMatters) Proposition 40, a high-profile proposal to tax billionaires based on their wealth, fell behind Tuesday night s...

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