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Proposed billionaire tax fails at California polls

NPR | By Christopher Harland-Dunaway,
Sacha Pfeiffer, Justine Kenin
Published November 10, 2026 at 4:56 PM EST

The so-called billionaire tax has failed in California. With proposition 40 dead, here's what could be next for future wealth taxes.

Copyright 2026 NPR
Christopher Harland-Dunaway
Sacha Pfeiffer
Correspondent, Investigations
Justine Kenin
Justine Kenin is an editor on All Things Considered.