# California's Prop 40 'billionaires' tax' measure is rejected, AP projects > HelixNews · Web page: https://helixnews.one/story/5918 · All pages for agents: https://helixnews.one/llms.txt 6 outlets covering · First listed: ABC News, Nov 10, 2026, 4:47 AM · Read it: The tax was introduced in response to steep cuts to California's healthcare funding that resulted from the passage of President Donald Trump's "Big Beautiful Bill." ## Who's covering it In the order they published: - Nov 9, 2026, 11:18 PM: [California’s proposed ‘billionaire tax’ fails to pass]() — TechCrunch (Digital news, United States) 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 out wealthy residents or just trimmed their fortunes. - Nov 10, 2026, 4:47 AM: [California's Prop 40 'billionaires' tax' measure is rejected, AP projects]() — ABC News (TV network, United States) The tax was introduced in response to steep cuts to California's healthcare funding that resulted from the passage of President Donald Trump's "Big Beautiful Bill." - Nov 10, 2026, 6:38 AM: [California's billionaire tax failed, but 'tax the rich' measures succeeded elsewhere]() — Yahoo News (Digital news, United States) - Nov 10, 2026, 6:38 AM: [California's billionaire tax fails, but other 'tax the rich' measures succeeded around the country]() — Yahoo Finance (Business & finance, United States) - Nov 10, 2026, 12:48 PM: [California voters reject tax on net worth of billionaires]() — PBS NewsHour (Public broadcaster, United States) The measure would have imposed a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion. - Nov 10, 2026, 6:19 PM: [California voters reject Billionaire tax \| CNN Politics]() — CNN (TV network, United States)