U.S. · POLITICS · NOV 10, 9:18 AM ET
California’s proposed ‘billionaire tax’ fails to pass
Reported by 33 outlets in the past day, including The New York Times, NPR, TechCrunch.
1What happened
California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. TechCrunch ↗
2What’s next
The outcome could hinder the wealth tax movement in California and across the country in future years. The New York Times ↗
3Also reported
Two economists debate what California's vote on Prop 40 means for the wealth tax movement. NPR ↗
Sources
- California Voters Reject Prop. 40 Billionaire Tax Measure ↗The New York Times
- Why did California's billionaire tax fail to surf the blue wave? ↗NPR
- The Blue Wave Washed Across Much of America. But Not Here. ↗The New York Times
- California’s proposed ‘billionaire tax’ fails to pass ↗TechCrunch
- Billionaire tax rejected on concern squeezing California's ultra-rich would harm the economy ↗Los Angeles Times
- Why did California’s billionaire tax fail to surf the blue wave? : Planet Money ↗NPR