California Proposition 40: The Billionaire Tax
This briefing reflects reporting and polling available as of Sept. 12, 2026. Candidates, endorsements and polling can change before Election Day on Nov. 3, 2026. Why This Measure Matters California’s Proposition 40 would impose a one-time 5% tax on the net worth of the state’s roughly 200 billionaires to fund healthcare, food assistance and education. … Read more