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Billionaires spent big to fight California wealth tax. Voters rejected it

Billionaires spent big to fight California wealth tax. Voters rejected it
Photo: NewsChannel 5 WTVF (CBS affiliate) · view original

California voters have rejected a first-in-the-nation tax on the net worth of billionaires following a contentious ballot fight that generated huge spending by some prominent tech leaders eager to stop their taxes from going up. The measures failure is a win for Democratic leaders who opposed it,...

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