California voters defeat billionaire tax proposal that divided Democrats

Politics NPR By Larry Kaplow 10 Nov 2026 03:05 1 min read
California voters defeat billionaire tax proposal that divided Democrats

The novel proposal would have charged billionaires a one-time 5% tax on most of their overall wealth, including their ownership in companies.

(Image credit: Jae C. Hong)

Read the full story on NPR → Opens the original article on www.npr.org

Summary aggregated from NPR's public RSS feed. The full reporting belongs to NPR — please read it on their site.