California Voters Reject Billionaire Tax, DDHQ Says

Bloomberg.com reports: Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world California voters are expected to reject a first-of-its-kind tax on billionaires, DDHQ projected on X, marking the end to one of the most expensive and divisive political battles in state history. Proposition 40 would have imposed a one-time 5% tax on the wealth of billionaires who were California residents at the start of 2026, with most of the proceeds earmarked to shore up healthcare.

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