Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=SSDdbvsHlnC Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Why Californias billionaire tax is becoming one of the states biggest ballot fights [BdIW6eT9QyQ] Health Updated on August 08, 2026 EDT — Published on August 08, 2026 EDT California's proposed billionaire tax is facing increasing opposition as supporters and critics prepare for the November election. Proposition 40 would impose a one-time 5% tax on roughly 200 California billionaires, with supporters saying the revenue would help fund healthcare and education. Opponents, including Gov. Gavin Newsom and several organizations, argue the measure could reduce long-term state revenue if wealthy residents leave California. #CaliforniaPolitics #Proposition40 #California #BillionaireTax ZEOYK79ZDTx iY4x1vfjmeL 53C4dakrGpP nFUK2dOD7bC sKHipXe9Hka TVhuIvW8zx5 i8Qg7tYA4oB
California's proposed billionaire tax is facing increasing opposition as supporters and critics prepare for the November election. Proposition 40 would impose a one-time 5% tax on roughly 200 California billionaires, with supporters saying the revenue would help fund healthcare and education. Opponents, including Gov. Gavin Newsom and several organizations, argue the measure could reduce long-term state revenue if wealthy residents leave California. #CaliforniaPolitics #Proposition40 #California #BillionaireTax ZEOYK79ZDTx iY4x1vfjmeL 53C4dakrGpP nFUK2dOD7bC sKHipXe9Hka TVhuIvW8zx5 i8Qg7tYA4oB