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Jewish News 24 · Nov 10, 2026

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CALIFORNIA VOTERS REJECT BILLIONAIRE TAX: California voters rejected Proposition 40, which would have imposed a one-time 5% tax on billionaires, with 52.8% voting against it, according to the Associated Press. The measure was expected to raise approximately $100 billion, primarily for healthcare. Gov. Gavin Newsom and Gov.-elect Xavier Becerra opposed the proposal, while Sen. Bernie Sanders and Rep. Ro Khanna supported.

CALIFORNIA VOTERS REJECT BILLIONAIRE TAX: California voters rejected Proposition 40, which would have imposed a one-time 5% tax on billionaires, with 52.8% voting against it, according to the Associated Press. The measure was expected to raise approximately $100 billion, primarily for healthcare. Gov. Gavin Newsom and Gov.-elect Xavier Becerra opposed the proposal, while Sen. Bernie Sanders and Rep. Ro Khanna supported.

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