# California voters reject tax on net worth of billionaires > HelixNews · Web page: https://helixnews.one/story/96123 · All pages for agents: https://helixnews.one/llms.txt 3 outlets covering · First listed: PBS NewsHour, Nov 10, 2026, 12:48 PM · Read it: The measure would have imposed a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion. ## Who's covering it In the order they published: - 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, 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)