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Los Angeles Times
Source: Los Angeles Times
6 HrsLos Angeles Times
Source: Los Angeles Times
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California voters rejected Proposition 40, a proposed one-time 5% tax on billionaires’ assets intended to offset federal healthcare funding cuts, with 53% voting against it and 47% in favor. More than $400 million was spent on three related ballot measures, with over 90% of that opposing the tax. The union that sponsored the measure said it would pursue a 2028 ballot proposal if state leaders do not find other ways to support public healthcare.
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