The 'poison pill' ballot measure that could kill the California billionaire tax
The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts.

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Two economists studied California's billionaire tax. They reached wildly different conclusions (opens NPR in a new tab)
What happens in California could shape how America taxes the superrich. But will its billionaire tax fill state coffers — or drain them?
The 'poison pill' ballot measure that could kill the California billionaire tax (opens CNBC in a new tab)
The strongest challenge to California's billionaire tax could be a competing ballot measure that bans state taxes on retirement accounts, say tax experts.
Billionaire tax: What to know about California's Prop 40 (opens ABC News in a new tab)
The measure would levy a one-time, 5% tax on the wealth of billionaires in California.
Newsom breaks with socialists over billionaire tax as California voters appear poised to reject it (opens Fox News in a new tab)
California's Prop 40 billionaire tax pits the Democratic Socialists of America against Gavin Newsom, who backs a countermeasure to block it.
California’s billionaire tax faces defeat, but Democrats plan higher taxes on the wealthy (opens CNBC in a new tab)
The likely defeat of the California billionaire tax may energize Democrats in Congress to propose federal tax hikes on high earners, according to tax experts.