California voters reject billionaire tax that divided Democrats

First reported by Washington Post at Mon 9:02 PM · 6 outlets in all

1. CNN16hCalifornia voters reject Billionaire tax | CNN Politics
2. PBS NewsHour21hCalifornia voters reject tax on net worth of billionairesThe measure would have imposed a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion.
3. Daily Signal26hDemocrats Won Elections, but Voters Said ‘No’ to Higher TaxesSummary Voters in Iowa and North Carolina gave Democrats plenty to celebrate on Nov. 3. But on the same ballots, they also approved constitutional limits on future tax increases, making clear that winning an election does not give politicians a blank check to raise taxes. In Iowa, Democrat Rob Sand defeated Republican Zach Lahn to...
4. ABC News29hCalifornia's Prop 40 'billionaires' tax' measure is rejected, AP projectsThe 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."
5. TechCrunch35hCalifornia’s proposed ‘billionaire tax’ fails to passCalifornia 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.
6. Washington Post(subscription required)37hCalifornia voters reject billionaire tax that divided DemocratsThe ballot measure would have levied a one-time 5 percent tax on the wealth of the state’s billionaires.