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Prop 40: Despite Newsom's opposition, CA Democrats endorse billionaire tax measure

Prop 40: Despite Newsom's opposition, CA Democrats endorse billionaire tax measure
Photo: ABC7 News (KGO-TV, ABC) · view original

Supporters say Prop. 40 would apply only to Californians with a net worth that exceeds $1 billion. According to the campaign, the tax could generate about $100 billion and would be paid by roughly 200 billionaires.

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