Reported by New York Times — US •
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California Voters Reject Proposition 40 Tax on Billionaires

California voters have decided against Proposition 40, which sought to implement a one-time, 5 percent tax on billionaires' personal assets. The funds from this tax were planned to support health care initiatives.

Our neutral summary

California voters have decided against Proposition 40, which sought to implement a one-time, 5 percent tax on billionaires' personal assets. The funds from this tax were planned to support health care initiatives.

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Original Headline

California Voters Reject Prop. 40 Billionaire Tax Measure

Neutral Headline

California Voters Reject Proposition 40 Tax on Billionaires