East Tennessee · National news
California voters consider proposition to tax billionaires' wealth
PBS NewsHour, November 3, 2026.
Proposition 40 would impose a one-time 5% tax on the wealth of Californians whose net worth exceeds $1 billion, with most of the revenue dedicated to replacing federal funding cuts to healthcare.
Summary of the outlet's own feed. From PBS NewsHour, November 3, 2026.
Facts at a glance
- Amounts
- $1 billion
- Percentages
- 5%
Lifted as printed from the text above; nothing added.
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