Fewer than half of California voters back billionaire tax: Poll
Summary
Less than half of California voters support Proposition 40, a state ballot measure that would tax the net worth of billionaires in California. A new poll shows that 45 percent of registered voters back the proposed 5 percent tax on the state’s 200 billionaires.Key Facts
- Proposition 40 is a proposed 5 percent tax on the total wealth of California’s billionaires.
- California has about 200 billionaires whose net worth would be affected by this tax.
- A recent University of California, Berkeley poll found that 45 percent of registered voters support the measure.
- The poll was conducted by the Citrin Center for Public Opinion Research and POLITICO.
- More than half of the voters do not support Proposition 40 at this time.
- The tax would be applied based on the billionaires’ net worth, meaning the total value of their assets minus debts.
- The poll reflects public opinion on a potential new tax rule specific to California.
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