Leave your feedback Share Copy URL https://mypepack.gophersport.com/video/?vid=cVkhfMuYs83 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 [HfO1dwSVB91] Health Updated on August 11, 2026 EDT — Published on August 11, 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 1ePh6GEdUwO tebjj88HTd0 vNJbAe2DQ7O C1bR5YM6C6p 22xC8gKaP5J C6bcjwxD4Ms
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 1ePh6GEdUwO tebjj88HTd0 vNJbAe2DQ7O C1bR5YM6C6p 22xC8gKaP5J C6bcjwxD4Ms