# California voters to decide on proposed ‘billionaire tax’

https://mins.news/en/item/113687

- BBC News, 2026-10-23 23:11 UTC
- Politics
- Original: https://www.bbc.co.uk/news/articles/ck4g1jg4n9dno?at_medium=RSS&at_campaign=rss

> California voters are about to decide whether to approve Proposition 40, a one-time 5% tax on the net worth of the state’s billionaires to fund healthcare improvements. Supporters say it could offset federal funding cuts; opponents, including Governor Gavin Newsom, warn wealthy residents may leave. A poll found voters divided, with 45% in favour and 42% opposed.

## Related coverage

- [California’s billionaire tax faces a precarious path amid opposition from the rich](https://mins.news/en/item/115538) — Al Jazeera, 2026-10-26
- [Meta board appeases Zuckerberg after threat to leave California over wealth tax measure](https://mins.news/en/item/111566) — CBC News, 2026-10-22