World News

California voters reject billionaire tax

Source: Al Jazeera – Breaking News, World News and Video from Al Jazeera · Published

California voters reject billionaire tax
Source: Al Jazeera – Breaking News, World News and Video from Al Jazeera

The proposed measure would have imposed a one-time 5 percent tax on Californian billionaires to fund healthcare.

The proposed measure would have imposed a one-time 5 percent tax on Californian billionaires to fund healthcare.

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California’s proposed ‘billionaire tax’ fails to pass
Technology & AI

California’s proposed ‘billionaire tax’ fails to pass

California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven ou

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