Taxes November 10, 2026
Billionaire Tax Rejected by California Voters
Preliminary results as of Monday evening showed about 52.9% of voters rejected the one-time, 5% wealth tax, compared to 47.1% who voted for it.
Taxes November 5, 2026
Why California’s Billionaire Tax Was a Harder Sell Than Expected
Since the Golden State’s powerful healthcare union proposed the new tax, supporters of Proposition 40 have faced a fierce, expensive battle against the world’s richest people.
Taxes November 4, 2026
Ro Khanna Vows to Try Again if California Billionaire Tax Fails
Rep. Ro Khanna, who represents parts of Silicon Valley, promised that he would fight for another wealth tax in 2028 if the proposition fails.
Taxes November 4, 2026
California Billionaire Tax Trailing in Early Returns
A proposed first-in-the-nation wealth tax on California’s billionaires trailed in early returns Tuesday after a contentious campaign that saw heavy spending by wealthy opponents.
Taxes November 2, 2026
Proposed Billionaire Tax Could Impact California Sports Teams
The billionaires targeted by the wealth tax on the November ballot include owners of some of California's top sports teams and, among them, there will be winners and losers if voters approve the measure.
Taxes October 30, 2026
Billionaires Flood Final Stretch with $50M to Sink Prop. 40, California’s Wealth Tax
A billionaire-backed group fighting Proposition 40 spent more than $50 million over the past week on efforts to thwart the wealth tax.
Taxes October 29, 2026
California’s Billionaire Tax Battle is Playing Out on Instagram—with Paid Influencers
As California decides whether to slap billionaires with a special tax, the Golden State's swarm of social media stars is chiming in—and increasingly getting paid to influence voters.
Taxes October 28, 2026
Poll: California Billionaire Tax Loses Majority Support Ahead of Election
Support for California’s proposed one-time billionaire tax has fallen to 46%, with 52% opposed, as a new PPIC poll finds several closely watched ballot measures struggling ahead of Election Day.
Taxes October 22, 2026
Meta Strikes Deal with Zuckerberg to Keep Him in California Over Billionaire Tax
Meta negotiated a new stock deal to keep CEO Mark Zuckerberg in the state in case the wealth tax passes.
Taxes October 16, 2026
Who Designed Prop. 40? Meet the Academics Behind California’s Billionaire Tax Brawl
Four academics led by Emmanuel Saez designed California’s Proposition 40 billionaire tax, sparking fierce debate over inequality, enforcement and economic impact.
Taxes October 14, 2026
Newsom Backs Measure to Make Future Wealth Taxes More Difficult
California Gov. Gavin Newsom just got behind a ballot initiative that, if passed, would act as a kill switch for Proposition 40, also known as the billionaire wealth tax.
Taxes October 9, 2026
Hospital Workers ‘Die’ to Rally Support for California Billionaire Tax
St. Rose Hospital workers staged a “die-in” at the facility and urged voters to pass the billionaire tax measure, Proposition 40, on the November ballot.