California voters reject Billionaire tax | CNN Politics
Voters in California have rejected a measure to impose a one-time 5% wealth tax on residents with net worth over $1 billion. CNN’s Elex Michaelson reports.
Voters in California have rejected a measure to impose a one-time 5% wealth tax on residents with net worth over $1 billion. CNN’s Elex Michaelson reports.
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The strongest challenge to California's billionaire tax could be a competing ballot measure that bans state taxes on retirement accounts, say tax experts.
California has several high-stakes races on the midterm ballot, including the governor, mayor of Los Angeles, and a divisive one-time tax on billionaires. CNN’s Elex Michaelson reports.