# Californians vote on billionaire tax to replace federal healthcare cuts

https://mins.news/en/item/126939

- France 24, 2026-11-03 10:49 UTC
- Politics
- Original: https://www.france24.com/en/video/20261103-californians-vote-on-billionaire-tax-to-replace-federal-cuts-in-healthcare-funding

> California could become the first US state to tax billionaires’ net worth on Tuesday. Proposition 40 would impose a one-time 5% levy on Californians worth more than $1 billion, with most proceeds going toward replacing federal healthcare funding cuts. The measure has divided liberal leaders and sparked one of the state’s costliest ballot fights as the ultra-rich weigh paying or leaving.

## Related coverage

- [Billionaire tax: What to know about California's Prop 40](https://mins.news/en/item/127981) — ABC News, 2026-11-03
- [Californians vote on billionaire tax to replace federal healthcare cuts](https://mins.news/en/video/126943) — France 24 English, 2026-11-03
- [Will California pass a billionaire’s tax?](https://mins.news/en/item/126484) — CGTN, 2026-11-02