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Reading: California's Proposition 40: A tax on billionaires
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EU News Forge > Blog > Live > California's Proposition 40: A tax on billionaires
Live

California's Proposition 40: A tax on billionaires

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Last updated: October 18, 2026 3:15 pm
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3 hours ago
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California voters will decide whether to adopt Proposition 40, which would impose a new tax on billionaires’ wealth. Correspondent Jo Ling Kent examines whether the measure would deliver the benefits its backers promise — and why some progressives oppose it.

Source: CBS News

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