# California voters reject billionaire tax that divided Democrats

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5 outlets covering · First listed: Washington Post, Nov 9, 2026, 9:02 PM · Read it: <https://www.washingtonpost.com/politics/2026/11/09/california-proposition-40-wealth-tax-billionaires-live-election-results/>

The ballot measure would have levied a one-time 5 percent tax on the wealth of the state’s billionaires.

## Who's covering it

In the order they published:

- Nov 9, 2026, 9:02 PM: [California voters reject billionaire tax that divided Democrats](<https://www.washingtonpost.com/politics/2026/11/09/california-proposition-40-wealth-tax-billionaires-live-election-results/>) — Washington Post (Newspaper, United States)
  The ballot measure would have levied a one-time 5 percent tax on the wealth of the state’s billionaires.
- Nov 10, 2026, 4:47 AM: [California's Prop 40 'billionaires' tax' measure is rejected, AP projects](<https://abcnews.com/Politics/californias-prop-40-billionaires-tax-measure-rejected-ap/story?id=137999519>) — 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, 8:00 AM: [Democrats Won Elections, but Voters Said ‘No’ to Higher Taxes](<https://www.dailysignal.com/2026/11/10/democrats-won-elections-but-voters-said-no-to-higher-taxes/>) — Daily Signal (Digital news, United States)
  Summary 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...
- Nov 10, 2026, 12:48 PM: [California voters reject tax on net worth of billionaires](<https://www.pbs.org/newshour/politics/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](<https://news.google.com/rss/articles/CBMipAFBVV95cUxPQlFoNHEyM1FCMGdVOGZxWERGN0k1dnFOUGtsSnoxUGk0WDFlT09TaWVLcXVOUkVlU1VZRFNWUFFmRFRjWU5nQzI3YU55M05fd3lkZHg3bElWVGEyaHlUTEFLQ1lWTDdMQVNRVnZLa1hIRFBHWHRISHdLSDhlejZ2VmViWTF3NzhfeUtTNnBldW52bjNpU0VGX3VRSFdMRzd1LWlzNQ?oc=5>) — CNN (TV network, United States)