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2026-11-14T04:21:49.000Z

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Voters Reject Wealth Levy

Voters Reject Wealth Levy

California voters approved Proposition 42 with just over 51% of the vote, barring new taxes on personal property such as retirement accounts, business interests and digital assets, while excluding real estate. Voters also rejected Proposition 40, a proposed one-time tax on billionaires’ assets.

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