California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy
Headline from CNBC · First reported Nov 4, 4:38 AM ET () · Updated Nov 5, 1:27 PM ET · 6 sources, 6 articles
What's being reported
The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts.
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California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy
The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts.
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Why California's billionaire tax was a harder sell than expected
In one of the most expensive ballot fights in California history, opponents heavily outspent supporters of a billionaire tax to mostly fund healthcare. On Wednesday, the wealth tax appeared headed for defeat though results on Proposition 40 were too close to call.
California’s billionaire tax is a referendum on the tech industry
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