California's wealth tax fate could outlast election

Prop 13 limits property tax increases and shaped California's tax policy. Prop 43 would require two-thirds voter approval for local tax hikes. Prop 40 proposes a 5% wealth tax on 200 billionaires for healthcare funding.

https://www.smdp.com/why-the-fate-of-californias-wealth-tax-could-be-decided-well-after-the-election/

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