Billionaires aren't off the hook for higher taxes, even if they did dodge California's wealth tax

Morningstar · 2026-11-06 13:14 UTC

Silicon Valley spent big to kill California's wealth tax - but incoming Democrats are eyeing a national fight

Andrew Keshner

Silicon Valley spent big to kill California's wealth tax - but incoming Democrats are eyeing a national fight

California's Proposition 40 appeared headed to defeat, but that may not be the end of efforts to hike taxes on super-rich Americans.

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