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California voters reject billionaire wealth tax after tech leaders poured more than $333 million into campaign to defeat it

California voters rejected one of the most aggressive efforts to hike taxes on the ultra-wealthy.

CBS News projection
California voters reject Prop. 40, a divisive measure that would have levied a one-time 5% tax on billionaires.
Billionaire Tax Fails
California voters rejected a wealth tax measure that would have targeted the assets of residents worth over $1 billion.

Breaking News
California voters rejected a proposed billionaire tax. It ends a heated fight over what could have been the nation’s first modern wealth tax.
NBC News projection
California voters have rejected a billionaire wealth tax pushed by progressives after state Democratic leaders and tech executives joined in opposition

Ohio State University is investigating a fraternity after videos appear to show two people on fire as a crowd cheers them on

Trump’s Deportations
They had court orders protecting them from being sent back to dangerous countries. Here’s how they ended up there anyway.

America's empty schools
More than 1,100 U.S. schools closed last academic year, the most since the pandemic. Falling enrollment means more closures may be ahead.
In a massive Hollywood shake-up, James Gunn and Peter Safran are stepping down as co-chief executives of DC Studios.





