Politics

Billionaire Tax Proposal Odds Drop

Updated 2026-06-16 17:40 UTC 1 source Negative

Odds that a proposed billionaire tax will appear on California ballots have significantly decreased. Reports suggest Governor Gavin Newsom is working to prevent the proposal from going forward.

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CNBC

Odds that a proposed billionaire tax appears on California ballots plunge on prediction markets

Odds that a proposed billionaire tax is on California's ballot dropped after reports noted that Gov. Gavin Newsom is pushing to stop the proposal.

2026-06-16 17:34 UTC