{"id":4076,"date":"2026-11-10T22:03:30","date_gmt":"2026-11-10T22:03:30","guid":{"rendered":"https:\/\/www.theredwing.news\/?p=4076"},"modified":"2026-11-10T22:03:30","modified_gmt":"2026-11-10T22:03:30","slug":"california-proposition-40-billionaire-tax-results","status":"publish","type":"post","link":"https:\/\/www.theredwing.news\/index.php\/2026\/11\/10\/california-proposition-40-billionaire-tax-results\/","title":{"rendered":"California voters reject Proposition 40 billionaire wealth tax"},"content":{"rendered":"\n

California voters rejected Proposition 40, a proposal to tax the net worth of billionaires, The Associated Press reported<\/a> after calling the race Monday. The vote leaves the proposed levy and the spending tied to it off the books.<\/p>\n\n\n\n

What the proposal would have funded<\/h2>\n\n\n\n

Most of the money would have gone toward offsetting federal health care cuts. The proposal also reserved 10% for education and food assistance, AP reported. Supporters argued that California needed another source of funding to protect coverage. Opponents argued that the tax could drive wealthy residents out of a state that already depends heavily on their income tax payments, CalMatters reported<\/a>.<\/p>\n\n\n\n

The race call came before certification. The California secretary of state\u2019s election calendar<\/a> gives counties until Dec. 3 to complete their official results and sets statewide certification for Dec. 11.<\/p>\n","protected":false},"excerpt":{"rendered":"

California voters rejected Proposition 40, a proposal to tax the net worth of billionaires, The Associated Press reported after calling the race Monday. The vote leaves the proposed levy and the spending tied to it off the books. What the proposal would have funded Most of the money would have gone toward offsetting federal health […]<\/p>\n","protected":false},"author":2,"featured_media":4077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[18],"tags":[],"class_list":["post-4076","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-innovation"],"acf":[],"yoast_head":"\nCalifornia voters reject Proposition 40 billionaire wealth tax - The Red Wing News<\/title>\n<meta name=\"description\" content=\"California voters rejected Proposition 40, which would have taxed billionaire wealth to fund health care, education and food assistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theredwing.news\/index.php\/2026\/11\/10\/california-proposition-40-billionaire-tax-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California voters reject Proposition 40 billionaire wealth tax\" \/>\n<meta property=\"og:description\" content=\"California voters rejected Proposition 40, which would have taxed billionaire wealth to fund health care, education and food assistance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theredwing.news\/index.php\/2026\/11\/10\/california-proposition-40-billionaire-tax-results\/\" \/>\n<meta property=\"og:site_name\" content=\"The Red Wing News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/groups\/theredwingnews\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-10T22:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theredwing.news\/wp-content\/uploads\/2026\/11\/california-state-capitol-steven-pavlov-prop40.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"520\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Red Wing News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TheRedWingNews\" \/>\n<meta name=\"twitter:site\" content=\"@TheRedWingNews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Red Wing News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/\"},\"author\":{\"name\":\"The Red Wing News\",\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/#\\\/schema\\\/person\\\/f1431502e26f87ea3e86125bb8f806a6\"},\"headline\":\"California voters reject Proposition 40 billionaire wealth tax\",\"datePublished\":\"2026-11-10T22:03:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/\"},\"wordCount\":139,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.theredwing.news\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/california-state-capitol-steven-pavlov-prop40.webp\",\"articleSection\":[\"Economy & Innovation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/\",\"url\":\"https:\\\/\\\/www.theredwing.news\\\/index.php\\\/2026\\\/11\\\/10\\\/california-proposition-40-billionaire-tax-results\\\/\",\"name\":\"California voters reject Proposition 40 billionaire wealth tax - 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