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EconomyCalifornia billionaire tax likely to fail, but Democrats plan higher taxes on the wealthy

Tax experts say the likely defeat of California’s billionaire tax could energize congressional Democrats to propose federal tax increases for high earners.

Californiabillionaire taxDemocratsfederal taxes

CCNBC★★★☆☆2026-11-05 16:19Original

California billionaire tax likely to fail, but Democrats plan higher taxes on the wealthy
California billionaire tax likely to fail, but Democrats plan higher taxes on the wealthyEconomy