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California voters have defeated Proposition 40, a proposed one-time tax on billionaires' wealth. The campaign was the most expensive in state history, with significant funding from Silicon Valley. Governor Gavin Newsom opposed the measure, while supporters argued it would help address healthcare cuts.
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California voters have defeated Proposition 40, a proposed one-time tax on billionaires' wealth. The campaign was the most expensive in state history, with significant funding from Silicon Valley. Governor Gavin Newsom opposed the measure, while supporters argued it would help address healthcare cuts.
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California voters fail to pass proposed one-time tax on billionaires’ wealth
California voters reject proposed one-time tax on billionaires' wealth