Proposition 40

California's Proposition 40, a proposed 5% wealth tax on billionaires that supporters say would raise $100 billion over five years for healthcare, would actually generate closer to $40 billion and cou…

Proposition 40, a one-time 5% billionaire tax on California's November ballot, has drawn sharp criticism from Los Angeles Times columnist Gustavo Arellano, who argues it is a temporary stopgap that wi…

The California Democratic Party endorsed Proposition 40, a proposed one-time 5% tax on California's roughly 200 billionaires estimated to raise about $100 billion over several years, breaking with Gov…