California voters reject billionaire tax | HappeningNow.news

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California voters reject billionaire tax

The proposed measure would have imposed a one-time 5 percent tax on Californian billionaires to fund healthcare and other programmes.

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California voters rejected a ballot measure that would have imposed a one‑time 5 percent tax on billionaires. The tax was intended to raise revenue for healthcare and other state programs. The rejection was reported by Associated Press projections.

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