PoliticsPhoto: NDTV WorldCalifornia Voters Reject One-Time 5% Billionaire Tax
California voters rejected Proposition 40, a proposed one-time 5% tax on around 200 billionaires' net worth. The tax aimed to fund healthcare but failed despite rising concerns over wealth inequality. The measure was part of last week's midterm election proposals and was projected to lose by major US media outlets. California, with the largest US population, counted votes slowly, delaying final results.
NDTV World·



