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Prop 40 billionaire wealth tax in California hangs in balance as votes are counted

Prop 40 billionaire wealth tax in California hangs in balance as votes are counted
Photo: NewsChannel 5 WTVF (CBS affiliate) · view original

A California measure to tax the net worth of billionaires that divided liberal leaders nationally and triggered one of the most expensive ballot fights in state history was too early to call Wednesday morning as the vote tally continued. Proposition 40 would impose a one-time 5% tax on the wealth...

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