Why California's billionaire tax was a harder sell than expected
Headline from Los Angeles Times · First reported Nov 4, 1:31 AM ET () · Updated Nov 5, 10:01 AM ET · 5 sources, 6 articles
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.
Summary from Los Angeles Times. Read every outlet's version below.Same story, different headlines
Center0
Right2
Billionaires aren’t off the hook for higher taxes, even if they did dodge California’s wealth tax
Silicon Valley spent big to kill California’s wealth tax — but incoming Democrats are eyeing a national fight.
Newsom breaks with socialists over billionaire tax, and California voters appear poised to reject it
California's Prop 40 billionaire tax pits the Democratic Socialists of America against Gavin Newsom, who backs a countermeasure to block it.
Not rated · 2
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
Many Americans are focused on social media’s impacts on children, anxiety over AI, and the political backlash toward data centers
