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Why California's billionaire tax failed to get the support many had anticipated

Headline from Los Angeles Times · First reported Nov 4, 1:31 AM ET () · Updated Nov 5, 6:00 AM ET · 5 sources, 6 articles

California
Image: Los Angeles Times

What's being reported

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.

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