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Proposed billionaire tax fails at California polls

NPR | By Christopher Harland-Dunaway,

Sacha Pfeiffer, Justine Kenin

Published November 10, 2026 at 1:56 PM PST

The so-called billionaire tax has failed in California. With proposition 40 dead, here's what could be next for future wealth taxes.

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Christopher Harland-Dunaway

Sacha Pfeiffer

Correspondent, Investigations

Justine Kenin

Justine Kenin is an editor on All Things Considered.