Politics

California's Proposition 40: Wealth Tax on the Ballot

Updated 2026-10-22 12:20 UTC 1 source Neutral

Voters will decide on California’s Proposition 40, a billionaire wealth tax. Recent polls suggest it could be a close call, with significant implications for state finances.

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CNBC

California's Proposition 40: What voters need to know about the billionaire wealth tax

California's billionaire wealth tax, Proposition 40, looks like a close call based on recent polls. Here is what to know before Election Day on Nov. 3.

2026-10-22 12:05 UTC