# Californians vote on billionaire tax to replace federal healthcare cuts

https://mins.news/en/video/126943

- France 24 English, 2026-11-03 10:49 UTC
- Politics
- Original: https://www.youtube.com/watch?v=ccHX5w7tDMY

> California could become the first US state to tax billionaires’ net worth. Proposition 40 would levy a one-time 5% tax on Californians worth more than $1 billion, with most proceeds going toward replacing federal healthcare funding cuts. The measure has divided liberal leaders and fueled one of the costliest ballot fights in state history.

## 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/item/126939) — France 24, 2026-11-03
- [Prop 40 explained: California votes on taxing billionaires](https://mins.news/en/video/124622) — Reuters, 2026-11-01