Americans for Tax Reform Issues Commentary: Taxpayers Strike Back - California's 'Billionaire' Tax Defeated
November 05, 2026
November 05, 2026
WASHINGTON, Nov. 5 -- Americans for Tax Reform issued the following commentary:
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The Taxpayers Strike Back: California's 'Billionaire' Tax Defeated
Jack Guidi
11/04/2026
On Tuesday, California voters rejected Proposition 40, known as the 'billionaire tax'. The measure would've imposed a 5% retroactive tax on California residents whose net worth was valued at $1 billion or above. To make the tax l . . .
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The Taxpayers Strike Back: California's 'Billionaire' Tax Defeated
Jack Guidi
11/04/2026
On Tuesday, California voters rejected Proposition 40, known as the 'billionaire tax'. The measure would've imposed a 5% retroactive tax on California residents whose net worth was valued at $1 billion or above. To make the tax l . . .